Author: davepickering

Edinburgh reporter and photographer

Britain’s innovators backed with around £100m of new investment

  • £100 million of new investment a year unlocked as entrepreneurship tax relief package comes into force.
  • Package includes significant expansion of Enterprise Management Incentives scheme, Enterprise Investment Scheme, and Venture Capital Trusts.
  • Wider support measures include the British Business Bank’s Five-Year Strategic Plan and three years of UK Listings Relief.

Entrepreneurs, start-ups and scale-ups are to receive a boost as a package to unlock private investment and double tax reliefs is brought into force.

The changes implemented today (6 April 2026) at the start of the new tax year include:

  • Significantly expanding the number of companies eligible for the Enterprise Management Incentives (EMI) scheme, further supporting companies to attract and reward talent.
  • Doubling the amount a company can raise through the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) to boost investment through additional tax relief through these schemes.

Chancellor Rachel Reeves introduced the package for entrepreneurs at Budget 2025, and together these changes are expected to support around £100 million of additional investment a year.

The EMI is a world-leading tax advantaged share scheme which allows eligible companies to offer their employees options to acquire tax-advantaged shares. EIS and VCT provide a range of tax reliefs for investors to encourage investment in higher-risk, early-stage companies that face the biggest challenges in accessing growth capital.

Chancellor of the Exchequer, Rachel Reeves, said: “I am backing business with a more active state that’s making big commitments to industry. I have taken steps to unlock £100 million a year for new investment in the businesses founded by our wealth creators so they can access the finance critical to their success.”

The expansion to EMI will include quadrupling the gross assets test from £30 million to £120 million while both the employee limit, and company share option limit, will be doubled from 250 to 500, and £3 million to £6 million, respectively.

This is expected to support around 1,800 of the highest growth scale-up companies in sectors including financial technology, life sciences, and AI over the next five years, allowing them to reward an estimated 70,000 employees.

The EIS and VCT lifetime company investment limits will double to £24 million, and the annual company investment limits will increase to £10 million. The gross assets test will increase to £30 million before share issue, and £35 million after.

The government is backing the UK’s most innovative companies. Knowledge intensive companies using EMI, EIS and VCTs benefit from higher asset and investment limits so they can continue to benefit from the schemes as they scale.

Income Tax relief available for those investing in VCTs will be reduced from 30% to 20%, to better balance the amount of upfront tax relief compared to EIS, and incentivising funds to seek out higher returns to ensure they are targeting the highest growth companies.

As part of the package, the government launched a Call for Evidence at Budget 2025 to gather evidence from founders, scaling companies and investors, on tax policy support for investment in high-growth UK companies. The consultation closed in February and the government will respond in due course.

The government is also supporting scale-ups to list in the UK as the Chancellor announced at the Budget, in an international first, UK Listing Relief – a three-year exemption from Stamp Duty Reserve Tax for companies listing in the UK. This will boost the trading volumes and share prices of UK scale-ups that take the next step and list in the UK.

Today’s package comes on top of the British Business Bank’s (BBB) new Five-Year Strategic Plan – a step‑change in how it will support small businesses, including scaling companies, using its increased permanent financial capacity of £25.6 billion.

The BBB will invest at least £5 billion in growth-stage funds and scale-up companies, and the government has also asked the BBB to explore using its existing financial guarantee capacity to support IP-backed lending.

Stakeholder responses:

Carolyn Dawson, CEO at Founders Forum Group, said: “The UK has always been a brilliant place to start a company and today’s reforms are a positive step towards making it just as compelling a place to scale.

“We’re particularly pleased to see the expansion of the EMI scheme: giving more employees a genuine stake in the companies they’re building is one of the most powerful ways to attract talent and reward the risk-takers who drive British innovation forward. But keeping Britain’s best companies at home requires an ongoing commitment from all of us to back British success stories.

“When British innovation thrives, it translates directly into better jobs, higher wages, and a more resilient economy for everyone.”

Eva Barboni, Executive Director of Enterprise Britain, said: ““Britain needs more companies to make the leap from start-up to scale-up to global champion.

“These measures speak directly to two of the three pillars we set out as urgent priorities in our most recent report: access to capital and the ability to attract and retain talent. The changes to the EMI scheme are particularly important.

“Talent is the lifeblood of high-growth firms, and widening access to share ownership will help more British scale-ups attract and retain the people they need to compete globally. It will also help ensure that the benefits of those companies’ success are shared more widely.”

Dom Hallas, Executive Director, Startup Coalition: “Expanding EMI is a genuine win for the startup ecosystem – it gives high-growth companies far more room to compete for talent, which is ultimately what drives scaling success.

“The improvements to EIS will also help unlock more capital into early-stage businesses, particularly in knowledge-intensive sectors where the UK has real comparative advantage.

“We are optimistic that next year we will see further improvements to the tax landscape for founders, following the ongoing call for evidence.”

Irene Graham OBE, CEO at ScaleUp Institute, said: “It is very good to see the commitments made in the Budget now being fully enacted. The changes now in effect for EIS / VCT / EMI make a tangible difference to businesses scaling across sectors and geographies as they progress their global growth ambitions.

“The long-term increased capacity of the British Business Bank and practical solutions that are now deployed such as the British Growth Partnership Fund, alongside Venture Link, are vital enablers, working with the private sector, to build and increase critical scaleup investment into our innovative scaling firms across the country.

“These packages, alongside the Government’s listing relief; further review of tax policy to support investment in high-growth UK companies and focus on how to evolve IP lending, are clear signals to encourage businesses to start, scale and stay in the UK.”

Thousands to be supported into work as Westminster government reforms welfare system

Hundreds of thousands of sick or disabled people will be offered voluntary help towards employment as part of a package of measures coming into force today (6 April) that will encourage work and save taxpayers around £1 billion.

  • Incentives that discourage work and trap people on benefits to be removed via legislation coming into force today.
  • Nearly £1 billion taxpayer money expected to be saved thanks to measures to narrow the gap between payments for people on health-related benefits and those actively seeking work.
  • Comes alongside employment support package of £3.5 billion, with 65,000 disabled people or those with health conditions already given tailored help.

The system inherited from the previous Government encouraged more people to stay on benefits without support to move into work.

Reforms coming into force today will change that, tackling perverse incentives by introducing a lower Universal Credit health element rate of £217.26 per month for new claimants, compared to the higher rate of £429.80.

Those with the most severe, lifelong conditions, those nearing end of life, and all existing Universal Credit health claimants will continue to receive the higher rate.

Anyone affected by the changes to Universal Credit will be entitled to voluntary employment support, with more than 65,000 people with limited capability for work and work-related activity taking up the offer since March 2025 – exceeding the target.

And as the UK Government continues to bear down on the cost of living, the changes will also see almost four million households on the standard rate of Universal Credit receive a boost worth around £295 extra this year in cash terms, around £110 above inflation, for a single person aged 25 or over.

Minister for Social Security and Disability Sir Stephen Timms said: “The welfare system we inherited has for too long locked disabled people and people with long term conditions out of work.

“Laws coming into force today will change that, reducing projected expenditure on Universal Credit by almost £1 billion.

“Simultaneously boosting the standard allowance and investing £3.5 billion in employment support means we’re creating a welfare system that backs people to work and helps them build a better future.”

From 8 April, customers (? – Ed.) with limited capability for work or work-related activity will also see a new notification on their Universal Credit account giving information on the support available and allowing them to opt in to being contacted to find out more about the support.

This will trigger a conversation with a Pathways to Work adviser, who can offer personalised appointments and refer individuals to programmes such as Connect to Work, WorkWell, or local Trailblazer schemes.

The changes come alongside the £3.5 billion investment the Government is making to help disabled people and those with long-term health conditions move closer to the labour market, offering personalised support aimed at improving employment and living standards.

This includes the Connect to Work programme, which will provide tailored help to 300,000 people over the next five years, and the groundbreaking WorkWell programme, set to support a further 250,000 people to stay in or return to work.

With 2.7 million people on Universal Credit assessed as having limited capability for work- and work-related activity, the tailored employment support aims to open up opportunities and remove barriers to work, rather than leave people stuck on benefits.

Additional information

  • Based in every Jobcentre across England, Wales and Scotland, the advisers offer one-to-one support to people with Limited Capability for Work and Work-Related Activity (LCWRA) status – those who receive benefits without any requirement to look for work
  • The Act delivers the first sustained, above inflation uplift to UC’s standard allowance. The four rates of standard allowance will rise above the rate of inflation in each of the years from 2026/27 to 2029/30. From April 2026, monthly rates increase to:
    • £338.58 – Single under 25
    • £424.90 – Single 25+
    • £528.34 – Couple under 25
    • £666.97 – Couple 25+
  • The previous system means that people receiving the Universal Credit health top-up were paid more than twice as much as a single person on the standard rate who is looking for work, without any support to move into employment.

Record monthly fuel price increases in March

Petrol and diesel increase by record monthly amounts

  • Diesel goes up by 40p in a month – 18p more than the previous record set four years ago
  • 20p monthly hike in the average price of petrol surpasses June 2022 record of 16.6p
  • Full tanks of petrol and diesel go up by £11 and £22 in March

The average prices of petrol and diesel both increased by record monthly amounts in March on the back of the conflict in Iran, analysis of RAC Fuel Watch data reveals.*

A litre of unleaded rose by 20p from 132.83p on 1 March to 152.83p by the end, surpassing the previous all-time biggest monthly jump of 16.6p seen at the end of June 2022 when petrol went up from 174.84p to 191.43p.

The increase in the average price of diesel was even more dramatic, going up 40p in March to 182.77p from 142.38p – almost doubling the previous record rise of 22p seen in March 2022 where the price went from 155.23p to 177.29p at the start of Russia’s invasion of Ukraine.

Despite the record rises seen in March, average fuel prices are still some way off the all-time highs of summer 2022 when petrol peaked at an average of 191.5p (3 July) and diesel at 199p a litre (25 June).

The sudden hikes have added £11 to the cost of filling a 55-litre family car, which now stands at nearly £84 (£84.06), and £22 for the diesel equivalent, with a tank topping £100 (£100.52)

RAC head of policy Simon Williams said: “March has been truly unprecedented – fuel prices have never risen this fast in a single month. But while this is the biggest pence-per-litre increase ever in a month, it’s not as great in real terms as those seen during the 1973 oil crisis when the price of a barrel quadrupled.

“The increases drivers have had to endure in March 2026 far exceed those seen in the early days of the war in Ukraine. 

“While the monthly rise in a litre of petrol is bad enough, the jump in the cost of diesel is even harder to swallow at 40p a litre – 18p more than the previous monthly record. With long-term RAC research showing eight-in-10 people are dependent on their vehicles, these costs must really be taking their toll on both households as well as businesses.

“Ahead of the Easter getaway, which is expected to be the busiest on the roads since 2022 with nearly 21m leisure journeys planned, we urge drivers to fill up as usual and to use the myRAC app to find the cheapest forecourts near them.”

Drivers looking to save money on their fill-ups should take advantage of the fuel finder feature in the free myRAC app. The app can be downloaded for free from the App Store or Google Play, and drivers don’t need to be RAC members to use it. Up to 10 searches a day can be made over a two, five or 10-mile radius, with each giving the five cheapest prices. 

The RAC Fuel Watch web page has more information about the average price of petrol and diesel at the big four supermarkets and at motorway services.

It also features graphs showing average prices since 2000 as well as a daily financial breakdown of the cost of a litre of petrol and diesel.

Swinney: Scotland fans must not be priced out of the World Cup

John Swinney has called on FIFA to end dynamic pricing for World Cup tickets after supporters were hit with eye-watering costs to follow Scotland this summer.

The First Minister has written to FIFA President Gianni Infantino urging him to introduce a fairer ticketing model, warning that too many members of the Tartan Army risk being priced out of Scotland’s first men’s World Cup since 1998.

Scotland’s First Minister John Swinney said: “The Tartan Army are the greatest supporters in the world, and have waited almost 30 years for the World Cup. They should not be priced out by dynamic ticket pricing.

“I’ve written to FIFA to urge fairer and more affordable prices. Football should be about fans, not finances.”

Full letter from the First Minister to FIFA President Gianni Infantino:

Dear Gianni Infantino,

As you will know, this summer Scotland will return to the men’s World Cup for the first time since 1998.

Our victory against Denmark led to the most remarkable scenes as people across Scotland celebrated one of the proudest moments in our recent sporting memory.

Steve Clarke and the team have instilled a sense of confidence and pride in our country that only our national game can bring.

That incredible moment for our nation will live long in the memory and in just a few months’ time thousands will embark on a trip to America to follow Scotland in our games against Haiti, Morocco and Brazil and, with a bit of magic from the boys, beyond that too.

Our Tartan Army has the chance to see our men’s national team at a World Cup for the first time in decades, but our historic return has been marred by FIFA’s dynamic pricing model that has made the trip simply unaffordable for so many loyal supporters.

This model has made this the most expensive World Cup in history and it is the opposite of what football, and indeed the biggest sporting occasion on the planet, should be about.

Scotland fans, travelling across the globe, are entirely justified in calling for you to put an end to this pricing model, particularly during a cost of living crisis when people are really struggling. I am urging you to act to introduce a fair, affordable ticketing model for fans going forward.

Scotland gave birth to our beautiful game and its management has been entrusted to you. But as you know football belongs to fans. It is now imperative you take responsibility to ensure that remains the case.

Yours sincerely,

John Swinney

First Minister of Scotland

Major new £1.5m Scottish project to focus on “sabotaging” cancer cells

SABOTAGING CANCER COULD OPEN DOOR TO NEW TREATMENTS

RESEARCHERS IN EDINBURGH AIM TO ‘TRICK’ BOWEL CANCER

SCIENTISTS in Edinburgh are launching a £1.5 million Cancer Research UK-funded study to find a way to ‘sabotage’ bowel cancer cells.

Cancer cells can often disguise themselves, preventing the immune system from recognising them as a threat and destroying them. The team, at the Institute of Genetics and Cancer (IGC) at the University of Edinburgh, aims to disrupt cancer’s DNA messaging system, causing errors that make the cells visible to immune defences.

Exploring how to trigger this vulnerability, the study’s long-term goal is to identify new treatments to tackle bowel cancer more effectively.

Project leader Dr Kevin Myant, of the Cancer Research UK Scotland Centre and IGC, said: “Around 85 per cent of patients with bowel cancer find immunotherapy isn’t effective for them. Our new project aims to explore why and find new ways to make bowel cancer more responsive to this type of treatment.

“Immunotherapy is exciting as it has the potential to be curative, not just manage the disease, and has the benefit of reducing side effects to patients.

“We hope this project will find a way to shine a light on bowel cancer cells so they are no longer invisible to our immune system, by disrupting the messages telling cancer cells to grow.”

Bowel cancer kills 16,800 people in the UK (1,700 in Scotland) every year and is increasingly being diagnosed in younger people.

A recent study by the American Cancer Society published in The Lancet Oncology showed early-onset bowel cancer rates in adults aged 25-49 are rising in 27 of 50 countries studied and at a faster rate in young women in Scotland and England than in young men.

Often, in cancer, the immune system doesn’t see cancer cells as a threat as they are generated from inside the body.

This research will focus on the body’s messaging system, RNA, which takes information from DNA and tells cells when to grow and where.

The team aims to sabotage this system, through a process called RNA splicing, to disrupt these messages and introduce errors which will effectively “light up” bowel cancer cells to the immune system so it can destroy them.

Cancer Research UK Director of Research, Dr Catherine Elliott, said: “Immunotherapies, where a patient’s own immune system is harnessed to tackle cancer, are a key area of cancer research and for some patients, they are providing transformational improvements but not all patients respond to them.

“Being able to use the power of our own immune system to tackle cancer could offer more effective treatments and lead to the kind of breakthroughs which can revolutionise cancer treatment and care.

“We need more research to understand the differences in patient responses to therapies and how to improve these, and Cancer Research UK is delighted to fund this innovative and potentially transformative research.”

Bowel cancer, also known as colorectal cancer, is the second most common cause of cancer deaths in the UK. Despite this, treatment options remain limited, particularly for patients who are diagnosed at later stages of the disease.

Scotland is disproportionately affected by the disease with around 4,000 people diagnosed each year.

NHS 24: Easter Weekend advice

Important info below, please share ⤵️⚠️

You can save yourself time on the way to feeling better by using NHS inform to get the right care in the right place.

Depending on your situation, you might not have to phone 111.

Quick links:

💻 symptom checkers: https://nhs24.info/symptom-checkers

💊 accessing medicines: https://nhs24.info/accessing-medicines

🏥 Scotland’s Service Directory: https://nhs24.info/servicedirectory

💙 urgent mental health help: https://nhs24.info/urgent-mental-health

Thank you 💙

Archerfield Walled Garden invests £50k in new solar panels

Archerfield Walled Garden, the hospitality, retail and leisure destination based in East Lothian invests £50k on 200 solar panels which will save 14 tonnes in annual Co2 emissions and has also installed four EV chargers, as part of its ongoing Green Initiatives Programme.

In 2022 the company commissioned the eco-management consultancy, Green Element, to develop a bespoke programme, which is delivered by their ‘Green Team’, made up of six members of staff across all areas of the business, with a focus on making environmental changes in areas including energy, waste and training.

In addition to installing 200 solar panels, carried out by Gensource, Archerfield Walled Garden partnered with the energy specialists to install four EV chargers, following funding secured through the Rural and Island Infrastructure Fund, administered by the Energy Saving Trust on behalf of Scottish Ministers and Transport Scotland.

Various other initiatives at Archerfield Walled Garden include regeneratively farming all 30 hectares of the surrounding fields to help improve soil health and increase biodiversity and running the building on biomass using locally sourced wood pellets, which provides all heating, including underfloor, and hot water.

In addition, self-closing taps have been installed in washrooms to reduce water waste, motion-sensitive lights are used indoors, external lights run on a timer that adjusts with the seasons and coffee grounds from the café are combined with garden clippings to make compost, which is then used in the gardens. All compost which is sold is also peat-free.

The ‘Green Team’ will continue to drive forward the programme this year and incorporate their plans into the proposed play trail, Eldbotle Wood. The woodland adventure, elements-themed trail has been designed by the award-winning company, CAP.CO, who received a Royal Warrant of Appointment from King Charles in 2025, in recognition of their strong commitment to sustainability.

Elly Douglas-Hamilton, Chief Executive of Archerfield Estates Limited said: “Our very passionate and dedicated Green Team have made some fantastic progress in our mission be even more sustainable which will continue for the long-term across all areas of the business.

“It has been great to be able to partner with eco companies like Green Element and Gensource to help us to achieve our green goals, with even more initiatives and partnerships in the pipeline.”

Robert Wilson, Gensource commercial and operations director said: “It has been great to partner with such a local, motivated and supportive client.

“It is clear Archerfield Walled Garden is committed to operating sustainably through its investment and eagerness to develop multiple phases of sustainable energy projects.

“We look forward to supporting Archerfield Walled Garden as they continue on their sustainability journey.”

Dobbies’ Alzheimer’s Research UK partnership raises £235,000 in first year

Dobbies Garden Centres has raised £235,000 during the first year of its national charity partnership with Alzheimer’s Research UK (© Stewart Attwood)

Dobbies Garden Centres has announced the outstanding success of the first year of its national charity partnership with Alzheimer’s Research UK, having raised £235,000 – more than triple the original fundraising target.

Launched in March 2025, the charity was chosen for its strong resonance with Dobbies’ communities, customers and colleagues. The partnership also supports Alzheimer’s Research UK’s Think Brain Health campaign, highlighting the benefits of gardening and garden living for brain health.

Alzheimer’s Research UK is the UK’s leading dementia research charity, dedicated to ending the heartbreak of dementia by speeding up progress towards a cure.

David Robinson, Chief Executive Officer of Dobbies, said: “I’m incredibly proud of what our colleagues and customers have achieved in our first year partnering with Alzheimer’s Research UK. Surpassing our original fundraising target shows just how strongly this cause resonates with our communities.

“Together, that support could fund over 5,500 hours of vital dementia research, and we’re looking forward to building on this even further in our second year of partnership.”

Dr Sheona Scales, Director of Research at Alzheimer’s Research UK, added:
“Almost one million people are living with dementia in the UK, and this number is predicted to reach 1.4 million by 2040.

“Alzheimer’s Research UK exists to change that. It is more urgent than ever that we revolutionise the way dementia is treated, diagnosed and prevented.

“We are incredibly proud to work with Dobbies. This partnership is helping us share the message of brain health while raising vital funds to help end the heartbreak of dementia.”

Dobbies customers and colleagues raised the £235,000 through a range of initiatives, including an exclusive bulb pack developed in partnership with Taylors Bulbs, a dedicated Christmas Shopping Night, online event donations, and colleague fundraising challenges including marathons. 

During World Alzheimer’s Month in September, Dobbies also launched a nationwide programme in partnership with micro-donation charity, Pennies. This enables customers to choose to give a 25p donation when paying by card at the garden centre tills – which has so far raised over £69,000 in donations.

This year will see a series of new fundraising initiatives including sponsorship of Edinburgh’s Walk for a Cure, donations from special plant purchases, as well as in-store events and colleague challenges.