Royal Bank of Scotland – The NEN – North Edinburgh News

Royal Bank of Scotland and University of Edinburgh announce new alliance to boost Scotland’s boldest startups

The Royal Bank & the University of Edinburgh have today (24 April 2026) announced a new partnership, pooling programme expertise between the Royal Bank of Scotland Accelerator and the University’s AI Accelerator to better support Scotland’s entrepreneurs.
This new partnership brings together Scotland’s biggest bank for business and one of its largest universities to build on the Royal Bank of Scotland’s commitment to supporting 5,000 Scottish startups in 2026.

In a significant boost for Scottish startups, Royal Bank of Scotland has today (24 April 2026) announced a new partnership with the University of Edinburgh to combine entrepreneurship expertise.

The new partnership will build on the existing close relationship between Scotland’s largest bank for business and one of its largest universities. A dedicated member of Bank staff will work with the University’s AI Accelerator programme team to provide strategic coordination between University of Edinburgh entrepreneurs, academic innovation teams, and the Royal Bank Accelerator community, driving growth, insight and commercial impact.

Building on years of collaboration and a shared commitment to Scotland’s entrepreneurial and research-led growth, the new facilities and renewed partnership bring an expanded programme of support for Scottish entrepreneurs, as well as for alumni, staff and student founders.

Through practical, in-person advice as well as large-scale sessions and boutique events, the Royal Bank Accelerator team will be on hand to help businesses scale and succeed, tapping in to the University’s innovation expertise and networks.

For founders working at the intersection of entrepreneurship and advanced research, Royal Bank of Scotland has also announced today that it will provide £30,000 to the University of Edinburgh’s AI Accelerator, enabling participants to boost their offering by accessing support from academics, PhDs or other resources from across the University.

The AI Accelerator programme has supported over 100 companies so far to collectively raise over £120 million in funding and is currently recruiting for its 10th cohort.

Supporting the University’s pipeline of talent is central to the renewed partnership. Royal Bank of Scotland already engages with university students across departments, supporting initiatives that promote employability and career development.

This new partnership sees opportunity for both parties to collaborate further, enhancing student experience, employability and recruitment outcomes.

The announcement comes as part of the Royal Bank of Scotland’s commitment to supporting 5,000 Scottish startups and the broader NatWest Group’s commitment to launch Accelerator hubs in 10 Universities throughout the UK over the next three years, with the Universities of Oxford, Manchester, York, Brighton and Warwick signed up to the programme.

The University of Edinburgh partnership spans four key themes: Accelerator, Innovation, Research, and Student Experience and Recruitment. Each area is designed to strengthen the pathway from idea to impact, enabling founders across Scotland to access tailored support as well as helping research-led innovation to connect more effectively with industry.

The announcement forms part of the Bank’s new five point Growing Together plan, setting out how they will help build the conditions for UK-wide growth: supporting the innovators shaping the future economy, backing powerful regions, championing mid-market companies, supporting the country’s infrastructure, and boosting financial confidence for people and families.

Commenting on the launch, Heidi Simpson, Regional Accelerator Director, Royal Bank of Scotland said: “Scotland is full of talent and bold ideas and through our new alliance with the University of Edinburgh, we’re focused on helping founders turn them into real businesses. This partnership strengthens Accelerator support where innovation is already thriving within the university environment.

“Building on a foundation of years of collaboration, we’re supercharging our partnership to support the innovators of the future. We’re putting a complete support system in one place, with hands-on coaching, expert insight and a community that founders and students can tap into.

“This is about making it easier for start-ups and scaling businesses across Scotland to move faster, think bigger and turn ambition into growth that in turn benefits the Scottish economy.”

Looking ahead to the partnership Douglas Graham, Director of Innovation Clusters at Edinburgh Innovations, the University’s commercialisation service, said: “This new alignment of entrepreneurship expertise and resources between the Royal Bank of Scotland and the University of Edinburgh is great news for the entrepreneurs across our cohorts.

“Offering our combined support to talented founders and their emerging ideas and technologies strengthens our regional and national innovation ecosystem, and helps harness data, digital and AI for the good of all.”

To join the UK’s largest community of entrepreneurs, download the Royal Bank/ NatWest Accelerator app here.

Royal Bank of Scotland sets £10 billion funding ambition for social housing

The Royal Bank of Scotland has announced, through its parent NatWest Group, that it has provided more than £25 billion* in commercial loans and capital market support to the UK social housing sector between 1 January 2018 and 31 December 2025.

Bank has delivered on its social housing lending ambition of £7.5 billion from 2024 to 2026 a year early, which includes lending to Kingdom Housing Association in Fife last year.

The Royal Bank of Scotland has today announced an updated package of £10 billion of funding to the UK social housing sector before the end of 2028, which when deployed will bring the total funding to social housing in the UK to over £35 billion* since 2018.

Through this new ambition, the bank is aiming to support the delivery and maintenance of social housing in the UK, which is vital to the people and families who rely on affordable housing, as well as the wider economy. The Royal Bank of Scotland has worked with not-for-profit housing associations across Scotland to support their growth and development plans building homes and communities for many years.

The bank also confirmed it has now provided more than £25 billion* of funding into the social housing sector since 2018, helping to create and sustain affordable homes nationwide.

The Royal Bank of Scotland aims to support the delivery and upkeep of social housing across the UK, helping housing associations build new homes, upgrade existing properties, and improve living conditions. Some of this lending can help fund energy efficiency and environmental improvements, including retrofit projects. Other funding can help the housing associations sector to deliver a pipeline of new homes and improve living conditions in existing properties.

Paul Thwaite, CEO NatWest Group comments: “We are incredibly proud to announce the early achievement of our £7.5 billion UK social housing lending ambition.

“Delivering this milestone a full year ahead of scheduled demonstrates our commitment to making a real difference in people’s lives by investing in the homes and communities that need it most, and shows the demand in the market.

“Reaching this lending ambition early has enabled us to set a new target of £10 billion to year-end 2028, so we can continue to provide social housing lending and play our part in supporting the development and availability of affordable and social rent homes across the UK.”

The announcement forms part of the bank’s new five point Growing Together plan, setting out how the bank will help build the conditions for UK wide growth: backing powerful regions, championing mid-market companies, strengthening the country’s infrastructure and housing foundations, boosting financial confidence amongst families and young people, and supporting the innovators shaping the future economy.

Drawing on its regional footprint, expertise and convening power, the bank aims to bring businesses, communities, and policymakers together to tackle structural barriers, unlock productivity and spread opportunity across the UK.

In addition to these commitments, last year the Royal Bank of Scotland announced several other initiatives and partnerships that have complemented and contributed to our social housing lending ambition being achieved. These include a financial guarantee of up to £400 million from the National Wealth Fund to cover a series of new loans from Royal Bank of Scotland to registered providers of social housing stock in the UK.

The bank also launched a new social rent loan product to support housing associations, which are already Royal Bank of Scotland customers, to support the construction of social rent houses across the UK. In December 2025, this fund was doubled to £1 billion in response to strong demand and to help continue the delivery of homes for social rent across the country.

These initiatives complement Royal Bank of Scotland’s ongoing dedication to supporting communities and helping to address the housing crisis.

In December, the Royal Bank of Scotland announced £20 million in additional lending to Kingdom Housing Association (KHA) headquartered in Fife.

KHA are one of Scotland’s largest registered social landlords and manage over 7,000 homes, providing a wide range of housing, care and support services. The funding will help deliver 170 new energy efficient homes in Fife and Perth and Kinross and builds on existing lending to KHA from the bank which now totals £61 million.

35 winners share prize fund of £1.5 million at 25th Scottish EDGE Awards

Scottish EDGE returned for its 25^th round as 35 winners with high-growth potential took home £1.5 million in prize money.

The awards ceremony was hosted by Royal Bank of Scotland at Citation in Glasgow city centre and united entrepreneurs who made it through the competitive pitching process to secure funding.

There were 8 different winners from Edinburgh, each benefiting greatly from their share of the £1.5m prize find. Those Edinburgh businesses are:

GoodBridge App LTD
Amytis
Broonie Limited
Swift Aeronautics Ltd
Raygonal Ltd
VibraSpex
Glitchers Lab
JAC Trades ltd, Trading as The Cycling Gardeners

Deputy First Minister, Kate Forbes, delivered a special message congratulating the winners and acknowledged the vital role entrepreneurs play in shaping Scotland’s future economy. In her remarks, she highlighted the passion, creativity and determination of all the entrepreneurs who made it to the finals.

The biggest winner at the awards was Vanilla Farms, who cures and supplies premium-quality vanilla using sustainable, high-tech agriculture. The business received a total of £150,000 from the newest addition, Missions EDGE, supported by Scottish Enterprise.

Veteran awards categories also returned for the 25th round, with the £100,000 Scale EDGE Award, supported by Royal Bank of Scotland, going to accredited Royal Yachting Association (RYA) training centre, Ardent Training.

Meanwhile, Shifted Group and Swift Aeronautics secured funding as the top £15,000 Young EDGE Winners, supported by Techscaler and IOE Foundation respectively.

Those successful in Wild Card, which provides grants to pre-trading businesses, included digital game apparel designer, Haggis Studios, who received the category’s top £15,000 award.

The STV supported award of £70,000 plus £75,000 worth of ad airtime was given to innovative kitchen provision maker, Goat Rodeo Goods, while Green Crop Tech, an agritech start-up developing a dual-action biostimulant, emerged as winner of the Scottish Government backed Pathways category, winning £70,000.

Round 25 also saw the return of the £100,000 Circular Economy EDGE Award, which is supported by Zero Waste Scotland, and went to New Found Hope for its therapeutic footwear innovations to address the issue of toe-walking in neurodivergent children.

Narture CIC, who bakes artisan sourdough while supporting community, creativity, and social inclusion, won £75,000 in the Social Enterprise category, supported by the Postcode Innovation Trust.

Elsewhere, the Creative EDGE Award, facilitated by support from Creative UK, which champions, connects and promotes the development of the creative industries across the United Kingdom, gave a boost of £75,000 to SaaS live concert streaming service, Everyday People.

Deputy First Minister Kate Forbes said: ““Scottish EDGE has played a central role in supporting emerging entrepreneurial talent and innovative business ideas for many years and I am proud that the Scottish Government continues to be long standing partner of the awards.

“I am also pleased that a growing number of businesses and private investors are supporting the vision behind Scottish EDGE. Scotland’s entrepreneurs and start-up businesses are the lifeblood of our economy and we must do all we can to encourage and foster the incredible talent and innovation in evidence right across the country.”

Judith Cruickshank, MD Commercial Mid-Market at the Royal Bank of Scotland, said: “Congratulations to Ardent Training and all the winners of the 25th round of EDGE. Ardent is a fantastic example of a business that continues to scale and grow.

“We know that entrepreneurship is key to unlocking economic growth across the country and, through our involvement with Scottish EDGE, we celebrate these successes as well as the innovation and creativity taking place across the ecosystem.”

Jane Martin managing director of innovation and investment at Scottish Enterprise said: “Congratulations to all of the winners as well as the innovative team at Vanilla Farm the winner of the new Mission EDGE award and it will be exciting to see what is next in store for these agritech entrepreneurs.

“Mission EDGE reflects Scottish Enterprise’s focus on priorities around energy transition, boosting capital investment and scaling high-growth industries of the future such as industrial biotechnology.

“We are targeting our support to help deliver transformational change for Scotland’s economy and the Scottish EDGE awards uncover talented innovators that will shape the business landscape for generations to come.”

Evelyn McDonald, CEO of Scottish EDGE added: “Reaching our 25^th round is a true testament to the resilience, ambition and creativity of Scotland’s entrepreneurial community.

“With every round, we continue to see businesses not just innovating, but actively contributing to a better future, whether it’s through sustainability, social impact, or cutting-edge technology.

“We’re incredibly proud to support them on their journeys and excited to see what the future holds for this new group of winners.”

Edinburgh based housing association secures £13m funding injection

£13m refinancing loan from Royal Bank of Scotland enables Manor Estates Housing Association to continue to maintain and improve the quality of its affordable housing while delivering new homes in South Queensferry.
Funding injection forms a key part of the bank’s commitment to invest £7.5bn into the UK affordable housing sector between 1 January 2024 and year-end 2026.

Manor Estates Housing Association Ltd (MEHA), a registered social landlord and charity based in Edinburgh, is celebrating its 30th anniversary as it secures a £13 million funding injection from Royal Bank of Scotland.

The organisation, which has been providing social housing in Edinburgh since 1995, will use the funding to refinance a former housing loan and the balance will be used to fund MEHA’s mission to maintain and improve the quality of its affordable housing.

With around 1,100 homes across the capital, MEHA has a long-standing commitment to delivering excellent housing services, developing new housing, with effective governance and financial management to secure the long-term future of the organisation. As proof of MEHA’s commitment to housing, they have recently completed the first phase of a new development in South Queensferry.

This support from Royal Bank of Scotland is part of the NatWest Group’s broader ambition for the UK affordable housing sector to fund £7.5bn across the UK between 1 January 2024 and year-end 2026.

Kathryn Miller, Corporate Services Director & Depute CEO of MEHA, said: “We are delighted to be working with the Royal Bank of Scotland and are looking forward to a long and positive working relationship between both organisations.

“Part of the new funds will help fund improvements in our housing stock over the next few years.’’

Jamie Landa, Real Estate Finance at Royal Bank of Scotland, commented: “Royal Bank of Scotland and the wider NatWest Group continues to be one of the leading lenders to the UK social housing sector.

“Manor Estates Housing Association (MEHA) has a long history in providing quality and affordable social housing in key regions of Edinburgh and the East Coast and we are delighted to be able to facilitate further support for their ongoing projects here in Scotland.

“As the organisation enters its 30th year in operation, it is great to help it prepare for the future and create opportunities for more people to enjoy access to affordable social housing.”

This funding injection comes after Royal Bank of Scotland concluded a lending transaction of £19 million for social housing developer Eildon Housing Association, with the Housing Association planning to deliver nearly 800 new homes in the Scottish Borders.

More information on Royal Bank’s social housing ambitions can be found here.

Royal Bank of Scotland encourages customers to spread Christmas cheer in support of homelessness charity

Royal Bank of Scotland has introduced a new way for its customers to support Social Bite in the fight against homelessness this festive season.

Through its mobile app based MyRewards programme, customers can now easily donate their available Rewards (over £5) to buy someone experiencing homelessness a Christmas dinner with Social Bite. Royal Bank of Scotland has also pledged to match all donations to any of its 16 MyRewards charities, including Social Bite, up to the value of £50 until 31st December, up to a total of £150,000.

The initiative comes as part of Social Bite’s ‘Festival of Kindness’ – an annual mission that aims to provide 300,000 meals, gifts, and essential items to people who are homeless and vulnerable this Christmas.

Royal Bank of Scotland has previously worked with the Scottish charity to open a coffee outlet for colleagues and visitors in its Royal Bank HQ in the capital Edinburgh, as well as launching a public coffee shop at its NatWest site at 440 Strand, London.

Since the launch of Festival of Kindness in 2020, Social Bite has successfully distributed 1.1 million meals, gifts, and essentials to people who are homeless during the festive period.

Judith Cruickshank, Chair, Scotland Board, Royal Bank of Scotland, said: “Social Bite makes a positive difference to some of the most vulnerable people in our communities. The festive season often brings into focus the hardship so many face every day.

“We know that people want to help but don’t know how. We’re excited to support Social Bite’s inspiring ‘Festival of Kindness’ initiative, giving our customers a way to gift a homeless person a warm meal.

“We encourage everyone to join in and help make the festive season a little brighter for the most vulnerable in our society.”

Josh Littlejohn MBE, Founder of Social Bite, added: “Social Bite is proud to have had the support of Royal Bank of Scotland for a number of years, and together, we’ve made great strides to help people break the cycle of homelessness.

“For many of us, Christmas is a period where we look forward to spending time with friends, family and loved ones. However, the reality is very different for people without a place to call home over the festive season. With homelessness rising across the UK, it’s more important than ever that we do what we can to help people affected by homelessness and food poverty.

“A big thank you to all the wonderful Royal Bank of Scotland customers who chose to donate their rewards to Social Bite. Your contribution will make a real difference to someone in need, including a hot meal with all the trimmings in loving company on Christmas Day.”

Social bite Christmas 2024 From left to right: Billy, Jim and Social Bite team member Ambreen

To find out more about Royal Bank of Scotland’s MyRewards and the other charities which are being supported, please visit:

https://personal.secure1.rbs.co.uk/app/MyRewards

Information on Social Bite’s Festival can be found: https://www.social-bite.co.uk/

“Transformative” partnership aims to keep hostelling affordable and sustainable amid rising costs

Energy consumption has plummeted at one of Edinburgh’s biggest hostels as the result of a pilot programme designed to keep costs down for visitors while improving sustainability.

After the success of the innovative energy saving programme at Edinburgh Central Hostel, Hostelling Scotland is now exploring how to roll out the energy saving programme across their portfolio of larger hostels which are open all year round.

The ‘Eyes on the Energy’ trial came after Hostelling Scotland was introduced to energy monitoring solutions company, Energy Saving Bear through Royal Bank of Scotland.

The partnership saw the hostel install high-tech sensors to measure electricity usage throughout the premises, allowing the team to pinpoint exactly where and how much energy was being consumed or wasted and providing a clear foundation for developing effective energy-saving solutions.

The project, which is on track to achieve a return on investment in less than six months, has already resulted in a 19% drop in consumption in just four months.

Margo Paterson, CEO of Hostelling Scotland, said: “The results of this trial could be transformative for our Edinburgh Central Hostel – and hostels across Scotland.

“With energy prices affecting the sector, we are on a mission to make travelling in Scotland accessible and affordable to visitors. The beauty of hostelling is how it provides opportunities to a wider group of people to explore more of what our beautiful country has to offer.

“As an organisation, we are always experimenting with ways to make sure we give people the chance to travel while reducing their impact on the environment. We’re very pleased to see this trial showed significant energy savings and reduced carbon emissions.”

Located at the top of Leith Walk, Edinburgh Central Hostel is in a prime city centre location and is visited by travellers from across the globe looking for a budget stay, as well as being a place for carers and Parent Network Scotland to use for respite breaks. It also enables youth programmes to give disadvantaged young people the opportunity to see part of the country they might not have been able to.

Kevin Havelock, Head of Commercial Mid Markets at Royal Bank of Scotland, added: “By introducing Hostelling Scotland, our long-standing customer, to Jamie and the team at Energy Saving Bear, we empowered them to harness smart technology and innovative solutions.

“This collaborative effort led to a deeper understanding of energy consumption patterns and inspired a cultural shift towards sustainable practices.

“The early success of this partnership is a testament to the strength of collaboration. By uniting efforts and sharing a common purpose, we have achieved significant results.”

To find out more about the support Royal Bank of Scotland provides to businesses to grow and scale, click here.

Scottish businesses invited to attend sustainability webinar with Royal Bank of Scotland

On 29th October, Royal Bank of Scotland, in collaboration with the Supply Chain Sustainability School, will host an open webinar session to help businesses in Scotland to take advantage of the opportunities presented by the local transition towards net zero.

The free-to-attend webinar is part of Royal Bank’s education programme to provide practical support and guidance for business. The webinar will share insight into the fast-growing net zero opportunities across the built environment and follows the recent provision of retrofit training classes for the UK construction industry.

The session will offer commentary from industry experts who will highlight the significant opportunities available in Scotland by demonstrating key policy and sector standards creating the need for change, as well as outlining key pipelines of work in net zero built environment in the region.

Speakers include a keynote from Sean Smith, Director of Future Infrastructure at University of Edinburgh, followed by contributions from Nick Ribbons from Zero Waste Scotland, Angela Pllu, Senior Environmental Sustainability Manager, Balfour Beatty and Callum Scott, Senior Sustainability Manager, Multiplex.

The sessions will also help local businesses understand the change happening in their region around net zero, how businesses and pipelines of work are reacting to this and what these opportunities mean for them.

Laura Capper, Head of Manufacturing & Construction at NatWest Group said: “As a key supporter of UK business, NatWest Group aims to back proactive and ambitious businesses that are committed to developing their environmental credentials and achieving growth goals alongside making meaningful differences for customers and communities alike.

“We are launching this session to help Scottish businesses take advantage of the changes impacting the local landscape. Sustainability is becoming an essential part of everyday business, and we want to help leaders to understand and embrace the opportunities presented.”

Launched in 2012, the Supply Chain Sustainability School is a free virtual learning platform around sustainability, with the aim to upskill those working within, or aspiring to work within, the built environment sector.

Holly Hansen-Maughan, Sector Manager for Retrofit and Future Workforce at SCSS, said: “The transition to a net zero built environment is a significant challenge. However, it is also a massive opportunity for businesses across the country.

“That is why it is so important businesses understand the opportunities being taken, and created, in their regions”

Callum Scott, ESG Lead – Scotland, Multiplex said: “In this crucial decade of climate action it is imperative that businesses step up as a force for good. In doing so, there is a significant opportunity to generate new value propositions and create a more resilient value chain.

“The supply chain is often where the largest impact can be made, which is why Multiplex are delighted to be supporting the Supply Chain Sustainability School and Royal Bank’s efforts to provide accessible and tangible resources to those looking to seize the net zero opportunity.”

Professor Sean Smith, Director, Centre for Future Infrastructure, Edinburgh Futures Institute; Chair of Future Construction, University of Edinburgh said: “Net zero is heavily dependent on business and industry sectors working closely with their supply chains.

“The collective positive actions from so many working together has a positive legacy far beyond our current generations.”

The webinar will take place on 29th October at 12 – 1pm.

Businesses interested in attending can register through the following link with Royal Bank of Scotland here.

The Refillery awarded £10,000 grant from Hatch and Royal Bank of Scotland

AN EDINBURGH-based entrepreneur and their business has been awarded £10,000 to support their businesses’ future growth plans and ambitions.

Kelly Wright and her business The Refillery have been given the grant funding by the entrepreneurship charity Hatch Enterprise in partnership with the Royal Bank of Scotland. The Refillery is one of 10 businesses across the UK to receive a share of the £100,000 grant funding round in celebration of Hatch’s 10th anniversary.  

The Refillery is a plastic-free and ethical goods store located in the capital on a mission to bring plastic free shopping to as many people as possible.

Kelly Wright, Founder of The Refillery, said:  “We are delighted to be reaching out to more people in the Edinburgh area to bring liquid refills to their doorstep. This is a major step forward for us in eliminating even more needless plastic from the system. 

“It has been a challenging few years for ethical, independent businesses like ours. This grant will help us to launch this much quicker than anticipated, adding much needed additional revenue which will ensure a sustainable future for The Refillery.” 

The grants have been set up to enable business founders from diverse backgrounds to overcome barriers to growth typically faced by these groups in the start-up sector.

Applications in this round were open to graduates of Hatch programmes, targeting support at underrepresented founders. Of the awardees, nine were female founders, three were from an ethnic minority background and five were disabled. Nine out of the 10 grants were awarded to founders based outside of London. 

Rebekah Capon, Managing Director at Hatch Enterprise, said: “Our mission at Hatch is to build a better world through entrepreneurship, supporting those typically underrepresented in the sector to launch and grow sustainable, successful businesses. Access to funding is a huge barrier to growth for any business, and even more so for historically marginalised communities.  

“This partnership with NatWest is the perfect way for us to mark our tenth year as a charity, and we’re so pleased for the ten incredible founders awarded funding. Receiving these grants of £10,000 will make a real difference to the founders themselves, their businesses, and their wider communities.” 

Hatch is supported by Royal Bank of Scotland, which is part of NatWest Group. As the biggest bank for start-ups in Great Britain1, NatWest Group provided funding for the grants and has been a longstanding supporter of Hatch, donating £1 million pounds to the charity last year to accelerate its work.

The bank also sponsors Hatch’s Launchpad and Incubator programmes, helping entrepreneurs to develop the knowledge, skills, confidence and network needed to launch and grow their business.

James Holian, Head of Business Banking at NatWest, said: “At NatWest we believe no matter who you are or where you come from, with the right support, entrepreneurs from any background can succeed in business.

“Our research shows that breaking down barriers to entrepreneurship will not only make the UK fairer, but also stimulate growth of the wider UK economy.”   

The Grassroots of Business at the Royal Highland Show

On the 44th year as partner to Scotland’s largest agricultural event, Royal Bank of Scotland showcases some of the businesses who can see a new future in farming:

On Thursday, The Royal Highland Show returned to Edinburgh. The event follows the sixth wettest spring in history in the UK, creating untold pressure for the sector, which employs almost 70,000 people here in Scotland.

Accounting for a greater percentage of GDP in Scotland than the rest of the UK, agriculture plays a key role in Scottish cultural and business life.

This year marks Royal Bank of Scotland’s 44th year as partner to the event – the longest partnership in the bank’s history. But the bank is taking the opportunity this year to showcase businesses looking to the future of agriculture through a different lens and seeing where new opportunities lie.

To demonstrate its support for farming entrepreneurs, Royal Bank has allocated its activation space to platform two exciting businesses on the Royal Bank of Scotland Accelerator Hub programme who will exhibit across the weekend.

One such business is Glasgow’s Naked Kimchi, founded in 2021 by Katerina Hayes who is originally from the Ukraine and is now British.

Katerina introduced traditional Ukrainian fermenting practices to Scotland 16 years ago, producing a 100% vegan, free-from kimchi with her father’s authentic recipe. In response to ongoing world events, Naked Kimchi & Co has provided employment opportunities for displaced Ukrainian people.

Naked Kimchi & Co’s approach commits to pioneering mindful eating and emphasises the importance of gut health. The business supports local farmers, aiming to shorten the supply chain, and provide a delicious superfood that is loved by both individuals and the restaurant industry. Their efforts contribute to better food security while bringing fresh, delicious kimchi to chefs’ tables.

By harnessing the potential of overlooked “wonky” vegetables and utilising every part of the harvest, Naked Kimchi helps to reduce greenhouse gas emissions while creating a healthy superfood that benefits individuals and contributes to building better food security.

In recognition of the business’ success, Katerina and Naked Kimchi have recently picked up a Scottish Edge award, receiving £65,000 funding to continue to back their sustainability mission.

Naked Kimchi will be joined by West Lothian entrepreneur, Marie-Claire and her business, Dream Magic Superfood Powders.

After experiencing the health benefits of superfoods first-hand, having tried multiple options when tired and burnt out from raising a family and working as a fitness coach, Marie-Claire spotted an opportunity to help Scots live a healthier life and brought her own blend to market.

Using her qualifications in health and nutrition, Marie-Claire has led the business from strength to strength and Dream Magic Superfood Powders now offers six different blends for customers to choose from.

With the platform provided by Royal Bank of Scotland across the weekend, both businesses will be able showcase their produce and provide free samples while building industry connections and brand awareness.

The businesses are both on the Royal Bank Accelerator programme.

Entirely free, the Entrepreneur Accelerator initiative is aimed at high-growth businesses looking to scale. It provides access to coaching, mentoring, events and co-working hubs with the intention of helping fledgling businesses to unlock new markets, attract new talent, access growth funding and to build leadership skills and scalable infrastructure.

You can support Naked Kimchi here https://nakedkimchi.co/ and Dream Magic Superfood Powders here https://dreammagicsuperfoodpowder.co.uk/

Katerina, CEO Naked Kimchi commented: “We are deeply grateful for the support we’ve received from the Royal Bank Accelerator Programme. The guidance and resources on offer have been pivotal in helping us scale and grow the business.

“Being given the platform to attend the Royal Highland Show is testament to the backing we’ve been given as a business and we’re looking forward to sharing our passion for authentic Kimchi with the industry and to connect with fellow food and environmental enthusiasts”

Marie-Claire, CEO Dream Magic Superfood added: “The expertise and opportunity provided by the Accelerator programme has been transformative for my journey as an entrepreneur, enabling me to grow my business and further develop my skillset in sales and marketing to running and operating a successful business.

“The accelerator has helped me to navigate challenges along the way and to lay a strong foundation for sustainable growth.

“We are incredibly excited to exhibit our superfood powder range at the Royal Highland Show. This event is a fantastic platform us to build our brand profile with the industry and customers alike.”

Support for the agricultural industry offered by the bank includes:

Agriculture Relationship Managers: Royal Bank has specialist advisers working as agricultural relationship managers able to understand the unique needs of land-based businesses. One third of these are women.

Finance: In July 2022, NatWest Group, of which Royal Bank is a part, confirmed a £1.25billion lending package for farmers, taking its total lending capacity to the agriculture sector to over £6.7billion. The extended support came as farmers face multiple cost challenges as fertiliser, fuel, feed and energy costs continue to rise.

Women in Agriculture: Since 2017, Royal Bank of Scotland has been heavily involved in the Women in Agriculture group, providing mentors and specialist support to help equip women with the tools they need to counter the barriers they face in their careers.

Chartered Banker Institute: All Royal Bank agri-relationship managers are independently accredited by the Chartered Banker Institute (supported by NFU Scotland).

Scottish tour operator on the road to growth thanks to £2m Lombard funding

A travel operator offering unique experiences of the Scottish Highlands has upgraded its existing fleet thanks to a £2m funding boost from Lombard, part of the Royal Bank of Scotland Group.

Headquartered on Edinburgh’s Royal Mile, Highland Experience Tours has chartered trips that offer tourists an alternative way to explore Scotland’s rural landscapes since it was founded nearly two decades ago.

Ran by a team of expert tour guides, Highland Experience’s trips focus on exploring less travelled routes, meaning customers can enjoy an authentic travel experience and avoid notoriously crowded spots.

Starting out with just one vehicle, the firm’s leadership team has since grown its fleet to nearly 30 luxury mini-buses and small to full size coaches. Lombard’s support will allow Highland Experience to purchase an additional five Grand Toro coaches – a move which will result in the creation of more than 20 new jobs and a boost to the rural economies it works in.

The travel provider is committed to promoting sustainable tourism and has been awarded a Gold Green Tourism Business Award in recognition of its work to protect the environment, prioritising local suppliers wherever possible and providing eco-friendly driving training to its coach operators.

Despite enjoying steady growth since 2005, the firm faced unprecedented challenges during the pandemic and was forced to downsize its previous fleet in 2020. This new investment marks a renewed period of growth for the team, who are currently gearing up for the 2024 summer season as they prepare to welcome more customers on board.

The £2m deal was afforded by Lombard and managed by Royal Bank of Scotland.

Michael Bremmer, Managing Director at Highland Experience Tours, said: “Ever since we first started Highland Experience Tours, we have been passionate about creating an authentic way to explore Scotland’s hidden beauty which also gives back to the communities and landscapes we operate in.

“Like many in our industry, Covid was an incredibly challenging time for us, and we had to essentially halt our services with no real idea of when we’d be able to begin again. This obviously took its toll, but we remained determined to come back stronger than ever and have been able to grow the business to beyond even pre-pandemic levels.

“Investing in this new fleet marks a new chapter for us, and we’re incredibly grateful for the support of Royal Bank of Scotland and Lombard in helping us reach this milestone.”

Steven Gillies, Senior Relationship Manager at Royal Bank of Scotland who facilitated the deal with Lombard added: “Having worked with Highland Experience Tours since 2019, it’s been a privilege to watch the team recover from the pandemic and continue to grow their services and offering.

“Royal Bank of Scotland is committed to supporting enterprise and Highland Experience Tours is a great example of a resilient business who are focussed on looking to the future.

“Its unique approach to tourism is helping to promote Scotland’s rural landscapes to the world – bringing a significant economic boost to the communities within them – and we look forward to continuing our banking relationship for years to come.”

To find out more about the support Lombard provides, click here