Category: News

The British Business Bank has committed £10m to Edinburgh-headquartered Odyssey Ventures as a cornerstone investor in the firm’s new seed and pre-seed fund, Odyssey Discovery I. The commitment forms part of the Bank’s Nations and Regions Investment Programme, which allocates capital to fund managers outside London. Odyssey Discovery I is a roughly £39m ($50m) fund […]

British Gas parent Centrica has confirmed plans to cut about 1,300 jobs over the next two years, with contact-centre teams in Glasgow and Edinburgh among the sites affected. The reductions were announced alongside the company’s half-year results on Thursday, which showed an 18% drop in first-half adjusted profit to £737m. Around 500 of the roles […]

The Scottish Government has granted development consent and marine licences to Ocean Winds for its two‑gigawatt Caledonia offshore wind development in the outer Moray Firth, one of the largest projects awarded through the ScotWind leasing round. The consent covers two adjoining projects, Caledonia North and Caledonia South, of approximately one gigawatt each, deploying up to […]

The Scottish Government’s decision to consent Ocean Winds’ 2 GW Caledonia development in the Moray Firth should have been an unambiguously good day for Scotland. It clears the last major planning hurdle from one of the largest ScotWind projects and, if it proceeds to construction, will bring £1.7 billion of Scottish spend, 140 turbines and […]

The British Business Bank published its third annual Impact Report on Tuesday, setting out how £9.4 billion of finance channelled to smaller businesses across the UK in 2025/26 is expected to translate into jobs and growth in each nation and region. In Scotland, the report’s activity is on track to create 1,900 new jobs and […]

Scottish growth is subdued but stable, with real earnings now rising and inflation easing, which gives investors a cautiously constructive backdrop for the second half of 2026. Growth and sectors Scotland’s GDP grew 0.1% in the three months to April 2026, flat on the previous quarter and below the UK’s 0.7% pace, leaving output 0.9% […]

The new unit spans 5,012 sq ft—more than double the size of its previous 2,249 sq ft store—offering an expanded range of footwear, trainers and accessories. Shoppers can access brands including adidas, ASICS, BIRKENSTOCK and UGG, alongside new-season collections. Located near neighbouring brands Deichmann, BPerfect and River Island, the store showcases OFFICE’s latest retail concept […]

Dundee-based Radix has surpassed £9 million in turnover after recording 33% year-on-year growth, with the business now forecasting revenue of £12 million this year and £20 million within the next three years. The sustainable engineering specialist, founded in 2019 by Callum Milne, makes concrete-free screw pile and ground screw foundation systems used across renewable energy, […]

New UK powers to nationalise steel firms arrive just as Scotland’s only plate mill fights to stay in production, raising a bigger question: does steel still have a role in Scotland’s economy — and can these powers help secure it? A single mill carrying a national story Scotland’s steel industry once employed thousands across Lanarkshire, […]

Scotland’s natural capital is now firmly part of the country’s net zero investment thesis, but turning peatlands and coastal habitats into bankable projects will depend on whether finance, law and policy can move in step. The Scottish Government defines natural capital as the stock of natural assets, from soil and water to plants and wildlife, […]