Live updates

Advertisement

First branded hotel could open in Galashiels

The company is planning to expand into Galashiels. Credit: Nick Ansell/PA Wire/PA Images

Travelodge has announced it's planning to build a new hotel in Galashiels, which would be the town's first branded hotel.

The company is looking at 21 sites across Scotland.

If it was to build hotels in all of these locations, this would represent a £100 million investment, and could create 400 new jobs across the country.

WATCH: 'Local businesses will feel Brexit impact'

An economic development expert from the University of Cumbria says businesses will feel the effects of Brexit - but only after negotiations begin.

Prime Minister Theresa May is expected to start the process of the UK formally leaving the European Union by triggering Article 50 today.

Professor Frank Peck told ITV Border the act of triggering Brexit was unlikely to have an immediate impact, but that in the medium term as negotiations get underway, companies who trade across European boundaries would be particularly affected.

  • ITV Border will have a series of special reports about the impact of Brexit on local people and businesses, at 6pm today

Doubts over Brexit and Indyref2 could slow Scottish economy, report warns

Scotland's economy is forecast to continue to recover this year but uncertainty caused by Brexit and a second Scottish independence referendum will slow growth, a new report has found.

Researchers at Strathclyde University's Fraser of Allander Institute predict the Scottish economy will continue to lag behind the UK, largely due to the downturn in the North Sea oil and gas industry.

In the three months to September 2016, the Scottish economy grew by 0.2 per cent while the UK economy grew by 0.6 per cent, while for the year Scotland's GDP increased by 0.7 per cent compared to a UK increase of 2.2 per cent.

The institute's latest forecasts for Scottish economic growth are 1.2 per cent in 2017, 1.3 per cent in 2018 and 1.4 per cent in 2019.

Institute director Graeme Roy called on both the Scottish and UK governments to "provide clarity and reassurance" over independence and Brexit respectively.

Advertisement

Business Gateway service to move from Selkirk to Hawick

Credit: Google Maps

A service providing support to start-up companies is moving to Hawick, after 16 years in Selkirk.

The Business Gateway service is set to move to Tower Mill in Hawick later this month, so a private sector firm at Ettrick Riverside can expand.

“We will continue to operate on a locality basis, with advisors working closely with businesses in communities across the Borders to help them achieve their aims. We look forward to making use of other Live Borders premises to provide a local service across the area and delivering a wide range of workshops.”

– Phil McCreadie, Business Gateway manager
Load more updates