THE LOOP
Today's Munro
Today's Loop · Thursday 03 September 2026

Partly cloudy, 15 degrees, and a Thursday that means business. Edinburgh is getting on with it.

This morning, attention turns to the wider economic picture: Andy Burnham faced his first PMQs as Prime Minister today, pressed hard on the economy as borrowing costs continued to climb. A sober reminder that the macro conditions around us are shifting.

Now, to Scotland. The Institute of Chartered Accountants of Scotland has broken cover with a statement that will resonate with anyone who has watched growth here stall while ambition has been plentiful. The professional body is asking Holyrood to move from programme announcements to tangible outcomes before the 2026/27 Budget lands. If that stirs something familiar, you are not alone.

Closer to home in the startup world, one of Edinburgh's genuinely inventive tech firms has shuttered, leaving 42 people without work and raising questions about how public-backed deep-tech investment is evaluated when things go wrong. On a more constructive note, a formal review of business rates for Scotland's hard-pressed hospitality sector has been confirmed, with potential to alter the financial landscape for a great many Edinburgh venues. And for those of you chasing grants right now, 39 new September funding opportunities across innovation, research, and smart cities have just landed.

For anyone running a business with a tight marketing budget, Google has done something quietly useful inside Workspace. There is also a sharp read from MIT on why scaling businesses let disconnected systems quietly become their biggest enemy, and how AI integration can untangle that without a full rebuild.

Finally, something that will catch the eye of anyone who has watched Edinburgh's skyline over the past few years: those enormous yellow towers above Leith are on their way out. The city is changing shape, and today feels like a fair moment to notice it.

Cup of tea, open the briefing, own the day.

William

Scotland's Chartered Accountants Tell Holyrood: Growth Has Been 'Too Low for Too Long', Now Show Us the Delivery

Scotland's Chartered Accountants Tell Holyrood: Growth Has Been 'Too Low for Too Long', Now Show Us the Delivery

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ICAS, the body that trains and represents Scotland's chartered accountants, has issued a pointed public challenge to the Scottish Government following First Minister John Swinney's Programme for Government 2026/27. The ambition is there on paper. The question is whether the policy machinery can actually execute. For Edinburgh SMEs, the stakes are direct and immediate.

Scotland's economic growth has been "too low for too long." That is not the view of a political opponent or a London think tank. That is the formal position of the Institute of Chartered Accountants of Scotland, published in direct response to First Minister John Swinney's Programme for Government 2026/27, which sets out wide-ranging…

What this means for youThe 2026/27 Budget process is where the ambitions in Swinney's Programme for Government either become real policy or remain aspirations. If you run a…
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PureLiFi Collapses With 42 Jobs Gone, What It Means for Scotland's Deep-Tech Bet

PureLiFi Collapses With 42 Jobs Gone, What It Means for Scotland's Deep-Tech Bet

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Edinburgh's PureLiFi, a light-based wireless connectivity pioneer backed by the Scottish National Investment Bank, has gone under, taking 42 jobs with it. It's a hard outcome for a genuinely inventive company, and a signal worth reading carefully if you care about how public money flows into Scottish deep tech.

PureLiFi is gone. The Edinburgh firm, which spent more than a decade building technology that transmits data through light rather than radio waves, has failed — 42 people out of work, and a significant chunk of Scottish National Investment Bank (SNIB) funding written off alongside it. The collapse lands at an uncomfortable moment for…

What this means for youIf your business works with or supplies a SNIB-backed or publicly funded tech company, it is worth reviewing your exposure right now: payment terms,…
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Scotland Launches Formal Hospitality Rates Review, Edinburgh's Pub and Hotel Owners Should Pay Attention

Scotland Launches Formal Hospitality Rates Review, Edinburgh's Pub and Hotel Owners Should Pay Attention

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A Scottish Government-appointed review led by Advocate Murphy is set to examine how business rates are applied to the hospitality sector. For Edinburgh alone, which hosts hundreds of pubs, restaurants, hotels, and venues paying some of the highest rates in Scotland, this could be the most significant cost-structure moment in years. The findings won't happen overnight, but the groundwork starts now.

Scotland's hospitality sector has been making the same argument for years: business rates are too high, too blunt, and too disconnected from what a business actually earns. Now someone is being asked to formally listen. The Scottish Government has appointed Advocate Murphy to lead a dedicated review of how non-domestic rates are…

What this means for youIf you run a pub, restaurant, café, hotel, or venue in Edinburgh or anywhere in Scotland, this review is worth tracking closely. Check your current…
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Google Puts a Product Photographer Inside Workspace, and Scottish SMEs Don't Need to Hire One

Google Puts a Product Photographer Inside Workspace, and Scottish SMEs Don't Need to Hire One

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Google has quietly launched Pics, an AI image-generation tool built directly into Google Workspace. For Scottish small business owners who've been paying a designer or making do with stock photos, this is the practical shortcut they've been waiting for.

Google's new Pics tool, embedded inside the Workspace platform used by millions of small businesses, generates professional-grade product and marketing images from a text prompt. No separate app. No subscription bolt-on. No design brief sent to someone who'll get back to you in three working days. You describe what you want, and the…

What this means for youIf you're running a Google Workspace account, check whether Pics is available in your plan today and test it with a real brief, your next product…
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Your Spreadsheets Are Not a System: How AI Fixes the Data Silo Problem Before It Breaks Your Business

Your Spreadsheets Are Not a System: How AI Fixes the Data Silo Problem Before It Breaks Your Business

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Every growing business hits the same wall: too many tools, too little visibility, decisions made on gut feeling because the data is somewhere else. AI integration is now the most practical fix, but only if you go in with a clear head about what you're actually solving.

At some point between five employees and fifty, the spreadsheet stops being a tool and starts being a risk. A tab here, a shared drive there, a site-specific workaround that only one person fully understands. MIT Technology Review's recent deep-dive into how global manufacturer Jabil tackled AI integration at scale puts a name to…

What this means for youStart with an honest audit of where your data currently lives and where decisions are made on incomplete information, that is your integration…
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39 Fresh Funding Pots Open for Scottish Innovators This September, Here's How to Move Fast

39 Fresh Funding Pots Open for Scottish Innovators This September, Here's How to Move Fast

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A new batch of 39 funding opportunities across innovation, research, and smart cities has landed for September 2026, covering everything from deep tech to urban infrastructure. For Scottish SME owners and founders, this is the kind of window that rewards the prepared. The money is there; the question is whether you're ready to apply.

Thirty-nine new funding opportunities have opened this September across innovation, research, and smart cities, according to a curated briefing published via Scottish Enterprise's news feed. That's a substantial pipeline of capital for Scottish founders, scale-ups, and research-led businesses to move on before deadlines close, as many of…

What this means for youPull up the Scottish Enterprise funding finder and Innovate UK's open calls today and filter for your sector. If you haven't updated your business…
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Leith's Giant Yellow Towers Are Coming Down, and Edinburgh Can Finally See the Sky Again

Leith's Giant Yellow Towers Are Coming Down, and Edinburgh Can Finally See the Sky Again

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For months, two enormous yellow construction towers have loomed over Leith like misplaced pieces from a giant's board game. They're going. And for anyone who runs a business in the area, that's worth a quiet moment of appreciation.

If you've walked, cycled, or driven through Leith recently, you'll have noticed them. Two tall yellow tower cranes, hard to miss against the Edinburgh skyline, planted there long enough that locals have almost stopped seeing them. Almost. According to The Scotsman, the structures are now due to be removed in the coming months, marking…

What this means for youIf your business is in or near Leith, now is a good moment to refresh your marketing. Updated photos of your frontage, new location shots without…
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