News

A chance discovery in the lab is set to become a new treatment for tendon disease because of early input from Scottish Enterprise (SE) and the Scottish Investment Bank (SIB). 

Pre-investment support, advice and funding from Scottish Enterprise helped Julie Grieve of Criton attract £5m of private equity funding in 2017. Now the young Edinburgh technology company is taking the next steps to develop its hospitality app builder and reach out to international markets.

A three-turbine windfarm development on the Kintyre Peninsula will generate £15.6 million of community and charitable benefit over the next 20 years. Fyne Energy’s innovative project attracted funding from Triodos Bank and The Scottish Investment Bank (SIB).

NuCana is a clinical-stage biopharmaceutical company focused on significantly improving survival outcomes for patients with cancer.  Scottish Investment Bank’s early funding of £2 million helped leverage major investment for the Edinburgh company.

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.