Payments software and electric bike firms create high tech future for Fife
Two companies, Renovite Technologies and Cyclotricity, are creating 40 new jobs in Dunfermline and Glenrothes after receiving Regional Selective Assistance (RSA) grants from Scottish Enterprise. Fife Council is supporting both companies to settle including assistance with recruitment and upskilling.
Renovite Technologies, an electronic payment company from California, has received a £250,000 RSA grant to help grow its Dunfermline location – 28 high tech roles will be created to help meet demand for better payments software from banks and money management businesses worldwide.
Relocating from the south east of England, Cyclotricity will manufacture electric bicycles thanks to a £120,000 RSA grant, creating 12 manufacturing jobs at its new Glenrothes headquarters.
Minister for Trade, Investment and Innovation, Ivan McKee said: “We want Scotland to be the best place to live, work and invest so we are committed to growing the economy in a sustainable and inclusive way. These awards will bring new high tech jobs to Fife, helping to grow the local economy, thanks to £370,000 of investment support.
“The Scottish Government is supporting businesses to maximise the opportunities that come from established strengths in innovation and technology. Scotland has huge economic potential so we are determined to work with businesses to unlock more high skilled jobs like these.”
Paul Lewis, managing director, international operations at Scottish Enterprise, added: “Two new inward investors, bringing significant numbers of new jobs and economic impact is fantastic news for Fife, and is a real endorsement of this region’s attractiveness to foreign investors, in terms of availability of skills, connected business infrastructure and quality of life.
“We will continue to work in partnership with our colleagues at Fife Council to support these companies as they establish roots in Fife and look forward to seeing them grow and expand in Scotland.”
Altany Craik, the council’s economy convener, said: “Fife Council through Invest in Fife is now actively working with both of these companies to help them further establish themselves here as quickly as possible and support their growth plans.
“Fife is a great place for businesses to establish themselves and grow, and this funding is delivering local employment opportunities as well as wider economic and community benefits.”
The pandemic has taught me how to share more – and I feel a better leader for it
As a young professional starting out in the tech sector 30 years ago, I thrived on the fast pace,constant change and demanding workload. I lived in London, Singapore and Australia…
We need to shout about our successes. Liz Fletcher on celebrating women in biotech
Throughout my career in biotechnology and life sciences, I have seen many women leading ground-breaking research studies in their fields of expertise. Yet, and I include myself in this, we…
Getting the best out of patient data is key to unlocking future health benefits in Scotland
It is important that clinicians’ voices are heard in the consultation around Scotland’s new health and care data strategy, which closes this week (12 August). Busy GPs like myself are the trusted…
How motherhood helped me be a better leader
Consider this an open letter to anyone I have worked with before I became a mother and before I fully understood how being a parent is actually a prized asset…
‘We cannot achieve our goals without entrepreneurs’ – Kate Forbes on vision for new ‘tech scaler’ network
From the very start of my ministerial career, I have had responsibility for the Scottish tech sector – and I can still say what I have said from the start,…
Finding a role in cyber was ‘tough’ for Cheryl Torano. Now she’s determined to help other women join an under-represented industry
When I decided to upskill to change careers at the age of 30 and dive into the digital world, I knew I would be starting out at the bottom of…
Why innovation and marketing are the perfect partners to make changes that matter￼
With the rapid evolution of traditional marketing and the appearance of digital marketing, technology and innovation has become part of any marketer’s life without the need of working for a…
Transitioning to a four-day week – CEO’s vow to strike a healthier balance in the workplace
I came to Scotland nearly 20 years ago from Ireland, with no contacts but a lot of determination. While Ireland will always be my home, Scotland has given me amazing…