Covid-19

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Edinburgh-based Reactec, a tech firm which recently launched a social distancing monitoring device, has completed a £700,000 funding round led by Archangels.  The money raised will be used for the ongoing development of its personal monitoring equipment and reporting technology.

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More employees will become owners of the companies they work for as firms seek to ensure greater resilience in the wake of the coronavirus crisis, according to Lindsays lawyer Douglas Roberts. Mr Roberts has advised on more than 10 Employee Ownership (EO) deals which have been completed in the

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Finance secretary Kate Forbes has formally requested new powers to help Scotland meet “the significant economic and fiscal challenges” of coronavirus. Writing to the Chief Secretary to the Treasury, she details the temporary changes being sought by the Scottish Government. 

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Saffery Champness is reminding rural businesses that the VAT payment holiday, which ran from March 21 because of the COVID-19 crisis, ends on June 30. No further extension to the scheme, which has allowed VAT payments to be deferred until March 31, is expected.However, it is expected that there will

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A new taskforce created to drive forward the recovery of Scotland’s vital tourism sector is to meet for the first time. The Scottish Tourism Recovery Taskforce (STRT) is made up of more than 30 businesses with experience from across the industry. It is co-chaired by tourism secretary Fergus Ew

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Whisky giant Diageo has announced that it will be allocating £4 million of funding for pubs and bars in Scotland as part of a global initiative to help the hospitality sector recover from the coronavirus crisis. 

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Business leaders in Scotland have called for the government to replace Business Rates with an online sales tax similar to Digital Services Tax, according to a new poll conducted by accountancy and advisory firm BDO LLP. A significant majority (81%) of Scottish respondents indicated that with busines

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