No-one seems to have derived much cheer from the official end of the recession last week, given a widespread understanding that Scotland must still reverse negative trends well recognised before the 2008 crunch turned boom to bust.
One of the worst is lack of available venture capital (VC) to support growing firms in Scotland which is, of course, a far older problem than the long recession. The downturn only worsened an existing reality of increasing poor returns for investors, who in turn had an increasingly short-term outlook. That status quo goes a long way towards explaining why Scotland is so short of company HQs and conglomerates.
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