An emerging fintech company specialising in cyber security will further enhance its presence in Scotland following a grant from Scottish Enterprise.

Minister welcomes major international title.

Business Minister Jamie Hepburn visited Halley Stevensons to find out how the £300k grant is supporting the company to invest in equipment that will allow the firm to develop products from recycled materials and plant-based waxes.

Glasgow-based regulatory technology (RegTech) firm Encompass has received a £1.97m research and development (R&D) grant from Scottish Enterprise to develop an Artificial Intelligence (AI) Platform for its financial services clients, it was announced by First Minister Nicola Sturgeon today.

Scottish Enterprise has welcomed findings from the latest Export Scotland Statistics which reveal that Scotland’s international exports (excluding oil and gas) increased by £1.1 billion (3.4%) in 2018, from £32.7 billion to £33.8 billion.  Exports to the rest of the UK also increased by £1.2 billion (up 2.5% on 2017), bringing the total value of Scottish exports up to £85 billion.