Finance Secretary Derek Mackay has said his priority is to build Scotland’s future as he prepares to present his second Draft Budget to Parliament on Thursday. Councils across the country are braced for further cuts and it’s a ‘make or break’ Budget for local services. Continue reading A make or break Budget for local services
Tag: finance
First Minister launches consultation on Scottish National Investment Bank
Work to establish a Scottish National Investment Bank took a step forward today with the launch of a public consultation on the details of the Bank’s operation. Continue reading First Minister launches consultation on Scottish National Investment Bank
Financial inclusion provider Scotcash opens in Leith
Community Interest Company Scotcash works to provide affordable credit, financial support and guidance to tackle financial exclusion across Scotland. The company has recently opened a new office on Leith Walk. Continue reading Financial inclusion provider Scotcash opens in Leith
Counting on success
Two Edinburgh businesses are celebrating big successes after seeing substantial growth this year. Business owners Renee Mackay, who runs TaxAssist Accountants in Corstorphine and Alan Johnston who runs TaxAssist Accountants in Goldenacre, are together celebrating reaching well over 1,000 small clients across the city. Continue reading Counting on success
Business owners should prepare for pensions spot checks, warns local tax specialist
Business owners should prepare for spot checks on their staff pension schemes, a local tax specialist has warned. Continue reading Business owners should prepare for pensions spot checks, warns local tax specialist
Scotcash opens in Leith
300 new finance sector jobs fro Edinburgh
Plans by Australian financial services company Computershare to open a new technology centre of excellence in Edinburgh, creating 300 jobs, have been welcomed by First Minister Nicola Sturgeon.
The company secured a £2 million grant from Scottish Enterprise and has worked closely with Scottish Development International (SDI) to develop the project.
The expansion plans were announced on the same day SDI annual results were published, which showed 7,839 jobs were secured in Scotland through new and existing investors – an increase of 10% on the previous year.
The First Minister visited Computershare’s new office in the city centre which is being fully refurbished and will open next year. She said: “This announcement, with the creation of 300 highly skilled technology jobs and investment in the city centre, is fantastic news for Edinburgh’s economy.
“Scotland is open for business and continues to be a very attractive location for investment, as evidenced by the recent EY Attractiveness survey, which noted that Scotland was the top UK location for foreign direct investment outside London for the fifth consecutive year.
“Together with the inward investment figures published by SDI, this offers further evidence that we have the skills and expertise to attract and retain global companies like Computershare.”
Stuart Irving, global President and CEO of Computershare said: “As a truly international capital city, Edinburgh has a bright future and is a natural home for a global company. As a growing business we need the skills and hard work we see on offer in this city.
“We are grateful to the Scottish Government, Scottish Enterprise and Scottish Development International for helping us with our plans and are looking forward to our continued partnership.”
Neil Francis, operations director at SDI, said: “When a company like Computershare chooses to invest in Scotland, it sends a message to the rest of the world that Scotland is a first-class destination.
“We have a clear focus on winning the right kind of investment for Scotland – which is secured because of our skills base, science and research excellence and our connected business infrastructure, and this investment by Computershare is an example of this.
“We’re thrilled to have secured these new jobs for Edinburgh; it’s a ringing endorsement of our offering to international investors and we look forward to working with the Computershare team to help them fulfil their growth ambitions in Scotland.”
Computershare was founded in Melbourne in 1978 and its existing Edinburgh operation was established in 1998, serving locally-based clients and those further afield. From its current base in Edinburgh Park, the company provides relationship management and registry services to around 150 listed companies – from FTSE100 to AIM – many of whom are registered in Scotland.
Beating the big boys: Castle Community Bank raises interest rates
Castle Community Bank, the Edinburgh-based not-for-profit financial institution, has raised its fixed term rates for savers. It now offers 1.65% for two years and 1.75% for three years for fixed term deposits of up to £15,000 – a much better rate than the big banks currently offer. Continue reading Beating the big boys: Castle Community Bank raises interest rates
Mixed reception to Green Investment Bank sale
The Scottish Government has welcomed commitments from the new owners of the Green Investment Bank on the future of the Edinburgh-based institution. Continue reading Mixed reception to Green Investment Bank sale
Castle Community Bank AGM
Castle Community Bank, the trading name of North Edinburgh & Castle Credit Union, will be holding their Annual General Meeting this Friday (31 March) in South Leith Parish Church Halls on Henderson Street at 4pm. Continue reading Castle Community Bank AGM