News

Right from the start the Isle of Harris Distillery has been known as the social distillery. Launched in 2015, the business has the best interests of the local community at heart, bringing new jobs to the island and benefiting the local economy. Investment from Scottish Investment Bank (SIB) along with other public and private funding helped to establish the company, whose success has exceeded expectations in the first three years.

A new action plan will encourage the growth of innovative Scottish cyber security research to deliver world-leading cyber security goods and services.

SDI reports rise in inward investor figures for last year

2017 was a strong year for inward investment projects and job creation in Scotland, with 126 foreign direct investment (FDI) projects generating 8516 jobs for Scotland, up almost 9% on the previous year, said Scottish Development International (SDI) today.

Paul Lewis, Managing Director, Scottish Development International 

Our annual inward investment results, published today, provide a useful insight on how Scotland is performing. The results highlight another strong year for Scotland in attracting FDI projects, with 40 new investors choosing to locate in Scotland and an almost 9% increase in job creation from inward investment during 2017/18.

Kenny Richmond, Head of Economics, Scottish Enterprise

A recent evaluation examining the impact of international trade and investment support for companies in Scotland has found a significant economic return for both trade and inward investment activity.

The Data Lab today announced that it will receive £13.5m of Scottish Government funding to help enhance data innovation’s economic impact on Scotland, generate jobs and build upon the country’s growing reputation as a world leader in data-driven innovation.

Scottish supply chain companies are being asked to propose solutions for the cleaning and flushing of offshore oilfield infrastructure as part of the decommissioning programme jointly developed by private sector economic development company Opportunity North East (ONE) and Scottish Enterprise (SE).

As part of Scottish Enterprise’s strategy to support ambitious Scottish companies in scaling more quickly, Glasgow-based loudspeaker brand Fyne Audio has secured significant funding from Scottish Investment Bank to drive business growth.

IBioIC announced today that it will receive £11m of Scottish Government funding to support Scotland’s Industrial Biotechnology sector, aiming for £130m economic boost and creation of 1400 jobs by 2023

A consortium of international Fintech companies together with Fife Council, Fife College and Fintech Scotland, have joined forces to launch Scotland’s first ‘Fintech Skills Academy’.

An Aberdeen-based start-up which has created a revolutionary well integrity monitoring system, has had its technology tipped to become ubiquitous within the global decommissioning industry.

Konrad Technologies, a global leader in sensor testing of Advanced Driving Assistance Systems (ADAS), announces its intention to lead the Scottish market with the opening of its UK offices in Dunfermline, Fife.