Scotland business

Software firms secure £1.9m in research and development grants

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Two software firms have secured £1.9m in research and development grants from Scottish Enterprise.

Oil and gas software company Sciencesoft received £1.5m towards a project that aims to help engineers analyse oil reservoir simulation models within a single software solution.

The Glasgow-based firm hopes the £3.6m project will lead to a £21m boost in its revenue, securing 28 jobs.

East Kilbride-based SHE Software was also awarded a grant of £415,000.

The company, which specialises in cloud-based health and safety software, will use the funding to help it accelerate the development of its next generation software solution, Assure 2.0.

The company's Assure programme, which is designed to cut the administrative burden associated with health and safety compliance, is already used by more than 160 organisations.

The company expects the £1.1m research and development project to secure 28 jobs.

Scottish Business Minister Paul Wheelhouse said: "Promoting innovation is an incredibly powerful way of supporting economic growth and creating a sustainably prosperous society - through boosting productivity, improving efficiency in use of resources and potentially enabling higher wages to be afforded.

"The sheer diversity of innovation that already exists here is something to be strongly commended and I want to reiterate that the Scottish government want to support more ambitious and innovative companies in every corner of the country."

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