The Scottish National Investment Bank (SNIB) and the Scaleup Institute partnered recently to publish a state of the nation report in relation to Scotland as a base for scaling businesses.

So, what is a scaleup anyway? The OECD defines scaleups as companies that are achieving average annual growth of 20 per cent or more in turnover and/or employees over three years, with at least 10 employees at the beginning of the observation period.

As an observer, I have been lucky to advise a number of companies in this category, with online travel site Skyscanner being a notable example from a few years’ back and, to reference a more recent client, Troon-headquartered CCL Logistics & Technology.

Report finds Scots firms still scaling the heights