News

• Scotland’s official business programme kicked off with a VIP St Andrew’s Day business reception yesterday in Dubai, where a number of businesses in the food and drink industry were showcased
• The event, which was attended by Scotland’s First Minister, Humza Yousaf, celebrated the culture of Scotland, with a traditional Pipe Band and some of Scotland’s exceptional food and drink produce
• For the first time ever, Scotch lamb was introduced to the UAE market and showcased at the reception
• The First Minister will lead a delegation of 21 businesses and organisations at COP, who are all aligned with the country’s trade and investment values

With many UK firms struggling to innovate against the current economic backdrop, 38 Scottish businesses with high-growth potential have received a much-needed injection of cash at the 22^nd round of the Scottish EDGE Awards that took place last night

Wave energy pioneer Mocean Energy has raised £2.2 million new equity alongside a £500,000 grant to drive the commercialisation of its wave energy technologies.

XLCC, the high voltage direct current cable (HVDC) manufacturing company, has been awarded a £9 million grant by Scottish Enterprise to continue the development of their £1.4 billion Hunterston cable manufacturing facility.

Scottish Enterprise (SE) has supported the highest-ever number of academic spin outs via its High Growth Spinout Program (HGSP), figures for the 2022-23 financial year reveal.

Scottish businesses are set to benefit from increased support and easier access to funding thanks to a new agreement between Scottish Enterprise and Innovate UK.

More than £750,000 has been awarded to sixteen companies by Scottish Enterprise to strengthen Scotland’s green heat supply chain.

Businesses in Scotland’s thriving biobased manufacturing industry are being invited to apply for support packages of up to £1 million.

A company producing new technology to allow more on-street charging for electric vehicles has been awarded almost £500,000 from the Low Carbon Manufacturing Challenge Fund.

New jobs announced at Lathallan as Scottish Minister officially opens new MRF

Scottish insect genetics business Beta Bugs Limited has secured £1.72M investment to scale-up the production, sale and supply of its Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.

An Edinburgh Napier University cyber project has been backed by new funding to explore ways of combatting phone-based impersonation and imposter scams – which cause substantial financial losses, privacy breaches and distress to people around the world.