Euan Blair's start-up loses £60m after rushed US expansion
Euan Blair's technology start-up lost more than £60m last year as the company counted the cost of a rushed US launch.
Multiverse was set up by Mr Blair – son of Sir Tony Blair, the former prime minister – in 2016. It offers to match apprentices to technology companies, and grew revenues by 29pc to £58.4m in the year to March last year.
However, losses climbed from £45m to £60.6m. The company said it was on the path to profitability.
Multiverse, valued at $1.7bn (£1.3bn), laid off staff in the US over the period after Mr Blair conceded that the company had expanded in America too fast.
It left a federally approved apprenticeship system last year after limited enthusiasm for the regulated scheme and said it had 'right-sized' staff numbers there.
Mr Blair's company, which links apprentices with tech companies such as Microsoft, Google and Just Eat and provides on-the-job training, has continually made losses.
The figures were also affected by two acquisitions, of US companies Peergrade and Searchlight, and by a jump in overall staff numbers.
Headcount grew from 690 to 822 despite the company losing 103 employees including from US redundancies.
Jillian Gillespie, Multiverse's chief financial officer who recently joined from software company MongoDB, said companies in Europe needed to become 'more comfortable' with loss-making businesses.
'All my life I've worked at companies who found an enormous market by making losses for prolonged periods before becoming profitable,' she said.
'To be serious about creating great European tech companies we have to get more comfortable with businesses following this path. I joined MongoDB when it was a bit further behind in its journey to IPO than Multiverse is today: but the momentum in these annual accounts is a good sense of the direction we're taking the business towards.'
Mr Blair, 41, owns almost 19pc of the company, according to Companies House records, a stake that would be worth around £250m at its $1.7bn valuation in 2022.
The entrepreneur has targeted apprenticeships for people from underprivileged backgrounds, and has repeatedly said that an obsession with academia has held back opportunities.
The position is in marked contrast to Mr Blair's father, who as prime minister targeted 50pc of school leavers going to university.
Multiverse's investors include the Walton family, the American dynasty behind the Walmart retail giant. Investment company StepStone and venture capital firms Lightspeed Venture Partners and General Catalyst led a $220m funding round in 2022.
The company said the number of apprentices it has trained now stands at 18,521, up from 13,300 a year earlier.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Herald Scotland
2 hours ago
- The Herald Scotland
Naked City: The fightback of Edinburgh's Westside Centre
This wee al fresco aroma emporium greets you at the entrance to Wester Hailes' Westside shopping plaza. I've seen a lot worse in gateways to an urban shopping centre across the UK. The Westside, formerly known as the Plaza has attained semi-legendary status in the day-to-day lives of the local citizenry. It was opened in 1974 at a time when these retail malls were beginning to appear across the UK, driven by how seductively they appeared in American television shows. Within a decade though, some of them slipped into a state of decrepitude, often characterised by anti-social behaviour public drunkenness and drug-taking. They were where you went if you were dodging school or attempting some casual shop-lifting. This one in Wester Hailes suffered more than most, not helped by retailers upping sticks at the first hint of economic decline. The wider Wester Hailes community meanwhile had become fixed in the public eye as an exemplar of social deprivation throughout the 1980s and locals began to avoid the Plaza as the dealers and jaikies moved in. It forced the old Scottish Office to intervene in 1990 with the establishment of the Wester Hailes Partnership to address urban decay. It included £17m investment in the shopping centre and its change of name to the Westside Plaza. And then, in a bizarre legal dispute, one of Scotland's most senior judges intervened to force a major supermarket to stay in the Wester Hailes shopping centre. Safeway had wanted to pull out of the Plaza but Lord Penrose blocked the move. It seems that this was the 'anchor' retailer whose presence had enticed other retailers to invest in the centre. The landlords of the property had sought an injunction to prevent Safeway from walking away, knowing that it would start a domino effect. Since then its fortunes have ebbed and flowed. It's recently been placed under new management and had another name change to the Westside Centre, 'Plaza' perhaps having become one of those words now forever trapped in the 1990s like 'bling' and 'chillax'. Read more in the series: New ownership has come with a cash injection of around £4m and regrettably, the inclusion of the word 're-imagined' which really ought to be banned, along with 'hub'. Indeed this errant pair of inelegant locutions appear on the first page of the website which tells the locals about their 'community hub re-imagined'. You've got to admire the enthusiasm. I'd been advised not to raise my expectations but if I'm being honest, this is a fine retail emporium, and far better than others I've inspected throughout Britain. Westside Plaza shopping centre (Image: GordonTerris) Okay, so there are several units and outlets which seem always to be a feature of malls in edgy conurbations. Here we have your Wow Desserts sitting beside Farm Foods. Why are there always dessert emporium in places like this? I don't want to cast any aspersions on the business model, but few of them remain extant for long, so you can draw your own conclusions. The British Heart Foundation is handily placed adjacent to it, though. Providing some stalwart reassurance though, is Gregg's, the kenspeckle and ubiquitous taste of no-nonsense Cooncil cuisine and none too terrible at that. So it would be rude not to grab a wee steak bake, so I do. And there's your mobile phone shop and your pawnbrokers. And there's a proper Deli here too called Daisy's selling good artisan gear that would stiff you for double the price if it were on Byres Road or Morningside. And at a ladies' 'House of Wax' table of unguents and applications (I know not for what) I hear an outbreak of authentic, working class Edinburgh cadences. A lady is complaining to the security guard about some heavy-handedness by the police in her street the previous day. 'Making a 'fuckan nuisance eh themselves, eh?' There are hard 'a's and hard 'u's where I expect simple Glaswegian I's to be. Two elderly gents called John and Noel are having a 'hing', arms folded over the top-floor balustrade. 'I'm originally from Ireland,' says John, but I've been here more than 40 years and couldn't imagine being anywhere else.' He's pleased with how the Westside looks now. 'It's had its challenges, but it's looking smart and clean now. I like Wester Hailes, there's a good community spirit and I think it's fighting back.' The single most depressing feature about this tidy two-storey shopping complex is the half dozen or so empty retail units. When you see them in working class neighbourhoods you rage at the insouciant iniquity of casual capitalism and the inability of local authorities to stop them. Read more: The Bank of Scotland abandoned this place last month. In neighbourhoods like this the banks never hang around once they sense not much more money is to be made. It's as though, having squeezed every last penny out of hard-pressed communities: their high-interest loans, their mortgages then these people have no more value. No matter that elderly people might still need them and God forbid they might be asked to extend some leeway when the jobs disappear and the energy bills soar. I meet Georgina from nearby Longstone and her friend who very politely and firmly that 'ladies like me shouldn't be giving their names to strange men like you.' I like her. A lot. I tell Georgina that her pal's right, and that on no account should she be talking to any journalists ... other than those from The Herald because we're founded on respect and good manners and we know our place. They both like the West Side too and suggest it's improved greatly in the last few years. I feel bound to re-visit Gregg's to source something light for my lunch. There are healthy-looking wraps with chicken arrangements from the Mediterranean and the Far East, which I've never seen in any of their west coast outlets. It's not quite alfalfa crepes and skinny decaffs, but their presence is noted even if they remain unconsumed. Kevin also toured Wester Hailes High School meeting head teacher David Young (Image: GordonTerris) There are cafes, a couple of outfitters and of course a handful of male and female personal grooming shops. There's a tendency to dismiss their presence as indicators of something fleeting and insubstantial. In places where there's not much money though, it becomes even more important to look your best and feel good about it. It's about self-respect and caring for yourself. Kevin McKenna is a Herald writer and columnist and is Scottish Feature Writer of the Year. This year is his 40th in newspapers.
Scottish Sun
3 hours ago
- Scottish Sun
Premier League stadiums of the future with eight clubs splashing out £6BILLION on new grounds and major transformations
Scroll down to see how each club is planning on making major changes GROUND BREAKING Premier League stadiums of the future with eight clubs splashing out £6BILLION on new grounds and major transformations THE Premier League has become a dominant force in European football, attracting the best players, biggest viewing figures and making the most money. And as the league continues to grow - both financially and in reputation - clubs are trying to grow alongside it. Advertisement 36 Tottenham have set the standard for modern stadiums with their £1billion home Credit: EPA 36 Fulham have added a swimming pool to Craven Cottage Credit: Fulham FC Gone are the days of being able to get away with a warm pint and a cold pie at half time as fans try and cram into the terraces to sit on wooden seats. Now teams want architectural masterpieces as their homes with luxury hospitality areas, top tier food and drink, and a concourse that would make you debate even going back out to watch the second half. Tottenham have set the standard with their £1BILLION stadium built in 2019, fit with a retractable NFL pitch, in-house micro brewery and the perfect view from every seat. While other clubs have started to renovate their historic grounds, such as Fulham putting a SWIMMING POOL in their new Riverside Stand at Craven Cottage. Advertisement READ MORE IN FOOTBALL BRAVE NEW WORLD Gary Lineker agrees deal with new broadcaster just a week after MOTD exit Nobody wants to be left behind in the new revolution of what a football ground can look like, with EIGHT Premier League clubs now working on plans to improve their facilities too. Here SunSport breaks down what those eight clubs are planning and just how much it could all cost... MANCHESTER UNITED Cost : £2billion : £2billion Opening date : 2030 : 2030 Capacity: 100,000 36 Manchester United unveiled plans to build a 100,000-seater stadium 36 Old Trafford will be demolished and new ground will be built on adjacent land Advertisement 36 The new ground promises to be the largest football stadium in England 36 United have vowed to build the fan experience zone of the future 36 Sir Jim Ratcliffe believes United should have the best stadium in the world Man Utd have the biggest club stadium in the UK, but they want it to be even bigger. Advertisement The Red Devils announced earlier this year that they are planning a £2BILLION project that will see them build the 'Wembley of the North'. United's execs, led by minority owner Sir Jim Ratcliffe, are planning on making the stadium large enough to house 100,000 FANS. The club have put a rather ambitious five-year timeframe on the new stadium, especially given their dire financial straits at the moment. Architects at Foster and Partners, who will design the project, said the stadium would feature an umbrella design and a new public plaza that is "twice the size of Trafalgar Square". Advertisement Man Utd had explored the idea of expanding Old Trafford, but instead landed on the decision to create what will be the largest football stadium in the country - gazumping Wembley's 90,000-seat capacity. It won't just be an incredible stadium either, United have also confirmed the surrounding area will be regenerated as part of a joint venture with the the government and local council - including the addition of 17,000 new homes. As for the stadium itself, concept images tease a huge wraparound scoreboard, along with a three-storey museum and canal-side restaurants as part of a vast fan village. Things haven't got underway just yet, but when they do United will be able to continue playing at Old Trafford during the construction process, before demolishing the historic ground once they move into their new home. Advertisement Sir Jim Ratcliffe said of the incredible plans: "Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport. "By building next to the existing site, we will be able to preserve the essence of Old Trafford, while creating a truly state-of-the-art stadium that transforms the fan experience, only footsteps from our historic home." MANCHESTER CITY Cost : £300million : £300million Opening date : 2025/26 season : 2025/26 season Capacity: Over 60,000 Inside Man City's £300MILLION new stadium upgrade with futuristic Etihad project to rival Anfield 36 Manchester City are redeveloping the Etihad Stadium Credit: Man City 36 City are in the midst of an incredible redevelopment of the North Stand Credit: Man City Advertisement 36 The Etihad will have the largest safe-standing are in the Premier League after the redevelopment is complete Credit: Man City 36 The project will also add a fan park for supporters on matchdays Credit: Man City 36 Work has already started on expanding the North Stand Credit: Rex Just four miles down the road from United's Old Trafford is another stadium in the midst of a mega redevelopment. Advertisement Neighbours and rivals Manchester City have been investing their unlimited pot of cash into turning the Etihad Stadium into one of the best arenas in world football. At its current reduced capacity of 52,900, due to the ongoing work on a new expansion, the Etihad is only the seventh largest capacity football stadium in England - not particularly fitting for the best team in the country over the last seven years. Plans to redevelop and add more seats in the North Stand would likely see it become the fifth largest ground in the country, boasting a similar capacity to title rivals like Arsenal and Liverpool's grounds. The plans, which are due to be completed during the 2025/26 season, will reportedly add around 7,000 seats to the stadium. Advertisement But it's not just about more fans, it's also about increasing the noise and atmosphere in process. For City, that means adding a huge standing area of the Etihad crowd. That expansion will include 3,000 safe-standing rail seats, making it the Premier League's largest safe standing area. Away from adding more seats, City are also adding brand new hospitality area, which will house 800 guests and include a 500-seat food hall and a premium bar. Plus fans can look forward to an incredible Sky Bar with views overlooking the pitch and a stadium roof walk experience. Advertisement Work is also underway on the 'City Square fan zone', a 3,000- capacity fan zone that will offer up food and drink as well as screens for supporters to watch the match on the Etihad campus. A new club shop and a museum will also be added to the surrounding area to help improve on the matchday experience. And if you're wondering where you can stay nearby to be close to all the action then City have you covered - they're also building a 400-bed hotel. LEEDS UNITED Cost : £100million (estimated) : £100million (estimated) Opening date : Late 2030 : Late 2030 Capacity: 53,000 36 Leeds released mock-ups of their home ground renovation Advertisement 36 The stadium will see a significant increase in capacity Credit: X @LUFC 36 The estimated final capacity of Elland Road will be 53,000 Credit: X @LUFC 36 The plans are set to be completed in 2030 Credit: X @LUFC Leeds United secured a return to the Premier League thanks to their 100-point tally in the Championship this season. Advertisement And along with their promotion back into the top flight, Leeds have announced plans for a mega renovation of their iconic Elland Road stadium. The Yorkshire club have revealed plans to rake their current capacity of 37,645 up to an estimated 53,000 - making it one of the largest grounds in the country. Concept art released by Leeds shows a new look to the 128-year-old stadium. New stands will tower over the old brick of the ground and make for a combination of history and future for the club now owned by 49ers Enterprises - the ownership group in charge of the NFL franchise San Francisco 49ers. Advertisement An increase of nearly 20,000 seats - which will help burn through the club's 26,000-strong season ticket waiting list - will mean updates to the West and North Stands and a change to the South Stand. While there is no specific details of what additions will be made yet, Leeds have confirmed they will be making improvements to the general admission and hospitality facilities. A statement told that fans can expect 'diverse range of spaces and experiences' that will 'encourage early arrivals and extended stays'. Leeds have revealed that work will begin this September, but changes to the stands won't start until 2026. Advertisement However, the club have estimated that the renovation won't be completed until late 2030. At the moment there has been no estimated figure for how much the project could cost the club, but similar renovations have exceeded £100million. ASTON VILLA Cost : Over £100million : Over £100million Opening date : Second half of 2027 : Second half of 2027 Capacity: Over 50,000 36 Aston Villa announced plans to expand the North Stand at Villa Park Credit: Aston Villa FC 36 Villa want the stadium to breach the 50,000-seat mark Credit: Aston Villa FC Advertisement 36 The club have claimed there will be more space and faster service Credit: Aston Villa FC 36 A new club shop was opened earlier this season Credit: X @AVFCOfficial 36 Aston Villa to build Premier League's largest beer hall in 'The Warehouse' Credit: X @AVFCOfficial 36 A mockup image shows what the inside of 'The Warehouse' could look like Credit: X @AVFCOfficial Advertisement Villa Park is one of the Premier League's most iconic football grounds, standing in place since 1897 with its iconic red brick facade. But one issue with having such a long history as a ground is that things start to become outdated. Villa have now announced that they want to modernise their ground, changing the look and feel of the concourse and adding over 7,000 seats to the stadium. The Birmingham club want to breach the 50,000-seat mark, leaving their current 42,660-set offering in the past. Advertisement For Villa, it's not just about getting more bums on seats on a matchday, but also allowing them to be better hosts for the 2028 Euros. Villa Park is one of the host stadia for the tournament and will have a new look for the fans across Europe who come to visit. Mockups of the plans show a new modernised exterior, a brand new North Stand wrapping into the Trinity Stand and a two-story club shop. While there will also be the addition of a new multi-use space called 'The Warehouse' - which will include a new Fan Zone destination. Advertisement Villa plan on putting the Premier League's largest beer hall inside The Warehouse. LEICESTER CITY* Cost : Unknown : Unknown Opening date : Delayed, work to begin 2026 : Delayed, work to begin 2026 Capacity: 40,000 36 Leicester revealed plans to extend the King Power stadium in 2021 Credit: Leicester City Football Club 36 The club hope to increase the capacity to 40,000 Credit: Leicester City Football Club 36 The Foxes have had to delay the plans Credit: Leicester City Football Club Advertisement 36 The proposals also include plans for a hotel and indoor arena Credit: Leicester City Football Club Leicester may not be in the Premier League next season after their relegation this term, but they are strong contenders to bounce straight back up. Their plans for a stadium development of the King Power were announced all the way back in 2021, and have been delayed multiple times. The Foxes announced a project to increase the stadium capacity from 32,261 up to 40,000 - with a major change to the look of the ground too. Advertisement Initial plans showed a bubble-like look on the roof of the ground, a custom-built fanzone, a flasgship superstore and a 220-room hotel and business centre right next to the stadium. While the proposal also detailed a 6,000-capacity multi-purpose arena that would be side by side with the King Power, with plans to host concerts and indoor sporting events. However, the club were supposed to break ground in 2023, with an earliest expected completion date of late 2024. We're now in mid 2025 and no construction has begun, Leicester have been relegated from the Premier League twice and work starting on the ambitious plans have been delayed until at least 2026. Advertisement There is currently no estimate on how much the project could set back the Leicester owners. NOTTINGHAM FOREST Cost : £130million : £130million Opening date : Unknown, work estimated to begin in 2026 : Unknown, work estimated to begin in 2026 Capacity: 42,000 36 Nottingham Forest are set to renovate the City Ground Credit: Rex 36 In 2019, Nottingham Forest produced a computer-generated image of their potential new Peter Taylor Stand 36 Forest added hospitality pods made from shipping containers this season Credit: Alamy Advertisement Nottingham Forest are back in Europe, having secured a Conference League spot with their efforts under Nuno Espirito Santo this season. And the Tricky Trees are looking to make some changes to The City Ground that would make the stadium fit in alongside Europe's elite. The main focus of the project would be to increase the capacity by over 10,000 people to reach the 42,000 mark - a task that could cost around £130million. Forest want to do so by extending he Bridgford Stand and replacing the Peter Taylor Stand with a new two-tiered 10,000-seater structure. Advertisement The club shop and offices sit adjacent to the ground, and are set to be knocked down and replaced by a stunning 19-storey apartment block. This means the club shop will be moved and a museum showcasing the club's two European Cup triumphs will be added. The Reds also want to install solar panels on the Brian Clough Stand to generate their own power for matchdays. There will also be a "pedestrianised plaza" around the new City Ground. Advertisement Owner Evangelos Marinakis has his eye on eventually increasing the capacity to 50,000 should the initial changes prove a success. No date had been put in place for the plans to be completed, but internal documents have suggested work could begin in summer 2026. CRYSTAL PALACE Cost : £150million : £150million Opening date : 2027 : 2027 Capacity: 34,000 36 Crystal Palace are set to build a new main stand Credit: Crystal Palace/MDC 36 Construction work will begin at the end of this season Credit: Crystal Palace FC Advertisement 36 A new away changing room is currently being built Credit: Crystal Palace/MDC Newly crowned FA Cup winners Crystal Palace are yet another club with grand plans of expanding their ground. Selhurst Park currently holds around 26,000 supporters, but proposals have detailed ambitions to boost that to 34,000. The Eagles plan on doing it by building a new Main Stand, with construction set to begin this summer. Advertisement The new Main Stand will hold 13,500 supporters, compared to 5,200 currently housed in the stand that was built in 1924. While artist impressions show it will have a classy glass exterior adorned with a huge Eagle logo. Palace chairman Steve Parish said last summer he wants the club to have "a stadium the whole of South London can be proud of". As well as the new stand, Palace are also building a new club shop, a museum, a cafe, new dressing rooms and a fanpark. Advertisement It's thought that the project will total around £150million with a proposed completion date in 2027. NEWCASTLE UNITED Cost : Up to £3billion : Up to £3billion Opening date : 2031/2032 season : 2031/2032 season Capacity: Estimated at 70,000 Inside Newcastle's £3BILLION new stadium plans with St James' Park project to rival Old Trafford 36 Newcastle are facing a dilemma on whether to expand their iconic ground or find a new home Credit: Getty 36 The iconic stadium currently boasts a capacity of 52,304 Credit: Alamy 36 Advertisement 36 Although no official plans or pictures have been released by Newcastle just yet, the Magpies are planning on either renovating St James' Park or building a brand new stadium as they continue their development under the Saudi Public Investment Fund ownership. A world-class stadium would help Newcastle fit in with the teams they're trying to compete with – in a similar fashion to Tottenham's move to their state-of-the-art ground from White Hart Lane. Staying put would mean a huge redevelopment of the Gallowgate End, while leaving would mean building a brand new home elsewhere. Advertisement COO Brad Miller has promised a 'once-in-a-generation' investment into the redevelopment and that kind of cash will be needed to carry out what would be ambitious plans. The idea of a redevelopment would be to raise the capacity of the ground to around 60-65,000. While the idea of a new ground would mean that Newcastle could host around 70,000 fans, effectively increasing their capacity by almost 18,000 seats - that's more than both Brentford and Bournemouth can fit in their entire stadiums at the moment. The most likely place to move would be into the adjacent Leazes Park, however Newcastle are set to face legal hurdles and heavy resistance from members of the public who want to protect the Grade II listed park. Advertisement As a result their plans would see them use just a small section of the park with the rest of the new ground overlapping with St James' current footprint - plus a new parkland would be created where the current pitch is situated. A redevelopment of the Gallowgate has been mooted to cost anywhere up to £1BILLION, which is a crazy number in comparison to other expansion projects in recent times. Liverpool spent just £80m on their Anfield Road Stand expansion in 2024, and Fulham spent £120m on their Riverside Stand. But that kind of money may seem worth it when you learn that an entirely new stadium has been estimated at a cost of between £2BILLION and £3BILLION. Advertisement Reports have suggested that the club would be targeting the 2031/32 season for a brand new stadium, but would likely see an expansion completed in five years instead of seven.
.jpeg%3Fwidth%3D1200%26auto%3Dwebp%26quality%3D75%26crop%3D3%3A2%2Csmart%26trim%3D&w=3840&q=100)
Scotsman
3 hours ago
- Scotsman
MSP says Elon Musk should ‘forget Trump and bring SpaceX to Scotland'
Calls are being made to create a bidding war for Scottish investment between the tech mogul and the US president. Sign up to our Politics newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Elon Musk should relocate his American business interests in Scotland after his public falling out with US President Donald Trump, an MSP has suggested. The pair have clashed in recent days over a bill which the tech mogul says will increase the US budget deficit - he has since become one of Mr Trump's fiercest critics. Advertisement Hide Ad Advertisement Hide Ad Ash Regan MSP says Scotland should 'be quick' to take advantage of this and lobby Mr Musk to relocate his business ventures to Scotland. Elon Musk at the White House. | Getty Images The Alba MSP, who previously called on the billionaire to open a Tesla Gigafactory in Scotland, says Scotland is an emerging force within the space and satellite industries, and branded Glasgow the 'satellite manufacturing capital of Europe'. Due to Mr Trump's family and business ties to Scotland, Ms Regan believes such a move by Mr Musk could 'prompt a bidding war between the president of the United States and one of the world's richest men as to who can invest more in Scotland'. Advertisement Hide Ad Advertisement Hide Ad This comes after Mr Trump threatened to cut US government contracts given to Mr Musk's SpaceX rocket company and his Starlink internet satellite services - in response, Mr Musk said SpaceX 'will begin decommissioning its Dragon spacecraft immediately'. He U-turned on this statement within hours, as SpaceX is the only US company capable of transporting crews to and from this space station using its four-person Dragon capsules. Cargo versions of this capsule are also used to ferry food and other supplies to the orbiting lab. Donald Trump and Elon Musk pictured at the White House in March (Picture: Roberto Schmidt) |Ms Regan said: 'The Scottish space industry, including satellite-related activities, is projected to be worth £4 billion to the Scottish economy by 2030. 'Glasgow is already known as the satellite manufacturing capital of Europe, and we are on the verge of becoming a global player in the industry. Advertisement Hide Ad Advertisement Hide Ad 'We have the sites, the people and the vision to match Elon Musk's aspirations for SpaceX so the Scottish Government should be opening the door and advertising Scotland as the go-to place if he wishes to relocate his business ventures here if contract cancellation threats in the US are upheld.' Scotland is currently developing multiple spaceports, including the Sutherland Spaceport in the Highlands and the SaxaVord Spaceport in Shetland - Ms Regan says both these sites are ready for Mr Musk to relocate his SpaceX operations to. The Alba MSP said other suitable sites include the proposed Spaceport 1 in the Outer Hebrides, the Macrihanish Spaceport Cluster and Prestwick Spaceport. She says Scotland cannot be left behind as passengers in this emerging industry, and added: 'I previously proposed Scotland as the site for the next Tesla Gigafactory and unfortunately Elon Musk ruled out investment due to the policies of the UK Labour government. Advertisement Hide Ad Advertisement Hide Ad Edinburgh Eastern MSP Ash Regan's Bill would criminalise the purchase of sexual acts. Picture: Getty Images. | Getty Images 'However, the Scottish Government has been a key partner in the growing success of our satellite industry, so in Scotland we would have a much better opportunity of attracting such investment where the UK Government has previously failed. 'Scotland has the potential for abundant renewable energy, which is needed to power emergent technologies. 'By creating innovative investment opportunities, we can then capitalise on Scotland's USP, ensuring we invest this bounty to benefit Scotland's businesses and communities. 'No more being left behind as passengers while Westminster squanders the power of our own resources.
