2020 saw investment activity dip across some sectors, however the technology sector boomed and there is no sign of the growth easing off.
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Natalie Wallace, a solicitor in our Corporate department who specialises in advising entrepreneurs throughout their life cycle, has been a regular attendee at the Impact Summit – Europe's leading purpose-led business event - in recent years. At this year's event, she met with likeminded businesses and heard from founders and experts of world leading impact brands. Despite the event being online again this year due to the pandemic, it did not disappoint.
Scottish EDGE final demonstrates the resilience, sustainability and ingenuity of Scotland's entrepreneurs
After a record number of applications this year, 19 businesses pitched at The Scottish EDGE finals yesterday, bidding for some of the £1 million prize pot. While the last year has been a challenge for us all, Scottish EDGE continues to reward Scottish innovation and Harper Macleod is proud to have worked with and advised EDGE since its launch in 2012.
The UK Government recently announced an extension to the Coronavirus Job Retention Scheme (more commonly known as 'Furlough'). As part of the extension the UK Government announced an additional £2 billion to devolved governments. The Scottish Government has put £48 million towards supporting businesses whilst they try to navigate through this new way of life and have offered support for businesses to contribute towards the 20% of salary costs for furloughed workers while grant funding has been provided to businesses that were required to close.
As part of HM Money Month, Harper Macleod Partner Jo Nisbet asked Andrew Holloway of Johnston Carmichael's Entrepreneurial Taxes team to answer some commonly asked tax-related questions.