Investors buy Scottish roadside eaterie

HELLO and welcome to the AM Business Briefing, as vacancies remained above a million for the second month running, according to official figures.

The number of UK workers on company payrolls rose by more than 120,000 above pre-pandemic levels. The Office for National Statistics (ONS) said the number of payrolled workers rose by 207,000 between August and September to 29.2 million.

Elsewhere, shoppers have cut back on trips to the supermarket to save petrol amid Britain’s fuel crisis, new figures show.

The latest data from Kantar revealed that the average household made 15.5 grocery store visits in the past four weeks – the lowest monthly figure since February.

EasyJet saw a four-fold jump in sales in the days following the recent relaxation in travel rules for UK passengers, with winter sun seekers keen for some warm weather. 

Also today, a new Scottish micro investment firm has bought into a roadside eaterie, take-up of office space in Glasgow city centre is up, and in Business Voices, Colin Borland of the Federation of Small Businesses challenges government for details on recovery plans.

Investors buy into Scottish roadside eaterie

New Scottish micro investment firm CAM Ventures has today announced the purchase of a Brechin site, which will be transformed into the Angus Grill & Larder, for an undisclosed sum.

Hoping to open in early November, the “family-friendly dining concept” will occupy the building previously operating as the Bonnybreich Coffee Bothy and will champion food and drink producers from throughout the Tay and Angus regions.

Managing Director Will Macpherson said: “The chance to create a dining destination within the region is something we’ve been focused on for a while now.

“The location, on one of Scotland’s main trunk roads, means that we can serve both locals and visitors to the area, and we’re excited about the plans we have in place for the development.

“The Coffee Bothy has been a much-loved part of the local community, and we’re looking to continue that legacy. CAM Ventures was founded on the principle of post-pandemic ethical investment, and we see the Angus Grill and Larder being central to that.”

Mr Macpherson is currently recruiting an ambitious cmhef anager for the Angus Grill & Larder, with a number of supplementary roles to be created in the coming weeks. 

Opening initially as a café concept, the next 12 months will see the site expand to include electric vehicle charging facilities, a children’s play area and include a space for dogs to exercise.

The project is the first bricks and mortar development for the firm, which was established earlier this year, and follows their investment in new Scottish ready to drink cocktail brand Angel’s Share.

Surge in demand for offices in Glasgow

Take-up of office space in Glasgow city centre in the third quarter was, at 250,659 sq ft, up sharply on the 10-year average of 165,043 sq ft, a report by Avison Young shows.

The real-estate adviser said its research shows “momentum has significantly increased over the past three months”.

Colin Borland: So how will these grand plans be put into action?

Now that the stated aim of both the UK and Scottish governments is nothing less than wholesale economic and societal transformation, neither can be accused of aiming low.

The day before the Prime Minister told his party conference that we’re embarking on a journey to a high-growth, high-skill, high-wage economy, the Scottish Government was unveiling its Covid recovery strategy, which aims to tackle the “systemic inequalities made worse by Covid”.

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The Herald Scotland

The Herald is a Scottish broadsheet newspaper founded in 1783. The Herald is the longest running national newspaper in the world and is the eighth oldest daily paper in the world. The title was simplified from The Glasgow Herald in 1992