A Glasgow bar owner this week warned there is a “ticking time bomb” under the licensed trade as campaigners step up efforts to ensure the sector gets more support to survive the Covid-19 crisis.
Rodney Taylor, who runs Drury Street Bar & Kitchen, said huge numbers of businesses in the city centre are missing out on lifeline funding because of the approach taken by ministers to determine who is eligible for emergency grants.
In another of our best-read stories this week, Scottish biotech firm Omega Diagnostics said it is within weeks of ramping up production on a laboratory test to identify those who have built up immunity to Covid-19 following a newly-announced agreement with Bedfordshire-based Mologic.
Scottish Engineering has been invited to write a monthly article for @_HeraldBusiness and in this first article we highlight the potential damage to Scottish manufacturing engineering of the differing guidance of the Scottish and UK Governments. #COVID19 #Manufacturing https://t.co/TahT1z5DYo
— Scottish Engineering (@ScotEngineering) April 20, 2020
Also this week, Scotland’s largest theme park, M&D’s, filed for administration following years of financial struggle and Covid-19 preventing visitors from coming to the park.
Scots renewable energy assets in favour as coronavirus hits power prices.
READ MORE: Energy giant Drax has welcomed a strong performance by its hydro assets in Scotland although the group expects to take a £60m hit to profit because of the impact of the coronavirus on the United Kingdom.
From our Business Voices section:
Ian McConnell: Time for brave decisions – not the same old sorry nonsense – amid coronavirus crisis
Scott Wright: Pubs have never faced a foe like coronavirus
Mark Williamson: £2bn Scottish National Investment Bank must get moving
Kristy Dorsey: A firm feeling we can't count upon Sunak's loan scheme
Paul Sheerin: Divergence on Covid guidance has put Scottish engineers in difficult position
Monday Interview: Covid crisis 'offers chance for different perspective’
Edinburgh property firm to cut £3.5m from landmark student building cost https://t.co/kVtJ9GwoTO
— Herald Business (@_HeraldBusiness) April 21, 2020
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