News

Scottish Enterprise has today, 31 August 2021, announced unprecedented support for businesses after investing over £568 million in Scotland’s economy in 2020/21.

Ravenscraig’s regeneration is continuing apace, with work underway to prepare a new development for employers, called SevenFourEight Ravenscraig. The £4.5m investment aims to attract high-profile businesses to the ambitious development at Scotland’s largest regeneration site.

Smarter Grid Solutions (SGS), the Glasgow-based energy software firm, has been hailed as one of Scotland’s brightest stars in the fight against climate change by its long-term investors.

Virtual engagement to showcase French export opportunities

Trojan Energy, the clean energy company, has secured a late seed round investment of £2.2 million to roll out its unique, flat-and-flush on-street electric vehicle (EV) charging hubs and develop further commercial applications of its technology. 

A Glasgow University spinout specialising in the next generation of green insecticides has secured seed investment of £1.3 million to support ongoing development of its unique nature-inspired pesticides, the first of their kind to be developed worldwide.

A Scottish Enterprise report heralds Scotland as a world-leading producer of clean hydrogen within the next ten years and finds that the technologies and deployment will be paramount to the success of Scotland’s target of net zero by 2045

As SQA results are delivered across the country, Scottish Enterprise is proud to be part of this message to our young people congratulating them on how they've handled the past year, and offering reassurance of our support for their future.

• Filament STAC aims to jumpstart Scotland’s Internet of Things (IoT) sector headed by global industry leaders from tech powerhouses including Dyson, Wistron, BlackBerry and Plexus Corp
• 18-month scale-up programme will select 10 companies in each cohort and is positioned to create a world-class tech ecosystem in Scotland with key ingredients required for IoT companies to succeed
• 3-year targets for Filament STAC: more than 25 IoT companies supporting 750 jobs; total revenue of £750m; raising investment in excess of £100m
• Accelerator programme commences at Skypark in Glasgow in October, underpinned by industry-government partnership
• Filament STAC CEO Paul Wilson: “We have great talent here in Scotland which we export incredibly well to leading global tech companies. We evidently do less well in producing international Scottish tech companies of scale.  Filament STAC will address this by developing highly ambitious Scottish IoT companies that will be ready to go out and compete on the global stage.”
• Linda Hanna, interim CEO at Scottish Enterprise, said: “I am delighted to see this first Smart Things Accelerator Centre launched as it’s vital that Scottish manufacturers embrace IoT to scale up, internationalise and also use the opportunities from ‘smart things’ to improve connectivity, capability, monitoring and data, not least to help drive our green economic recovery.”

The Scottish Government is providing up to £1.1 million through two new decarbonisation challenge funds in a partnership approach with Scottish Enterprise, facilitating the process through the Can Do Innovation Challenge framework and competition.

Satellite-enabled connectivity start-up, R3-IoT is gearing up for international expansion after closing a £3.1million ($4.3m) seed investment round led by US-based VC Space Capital, joined by the Scottish National Investment Bank.