SCOTTISH BUSINESS DIGEST

Space company Orbex gets new executive team

Need-to-know Scottish business stories: Rocket firm fuelled by new blood; Cumulus Oncology funding; investment for Storegga’s Acorn CCS project; new manager at Tynecastle Park Hotel
Greig Cameron
, Scottish Business Editor
The Times
Greig Cameron
, Scottish Business Editor
The Times

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

Phillip Chambers, left, and Miguel Belló Mora have joined Orbex
Phillip Chambers, left, and Miguel Belló Mora have joined Orbex
ABERMEDIA

1. A Scottish space company has appointed a new executive team, including a former director from a European space agency.

Phillip Chambers joins Orbex as chief executive, while Miguel Belló Mora leaves his post as director general at the Spanish Space Agency to become executive chairman.

Chambers has successfully worked on scaling firms previously including positions at Gumtree and Peakon.

Orbex is developing the Sutherland space port from where it hopes to launch 12 rockets each year.

The company had appointed technology veteran Martin Coates as its interim chief executive in May last year.

Dr Clare Wareing, centre, with Paul Callaghan, of the Scottish National Investment Bank, and Andrew McNeil, from Eos Advisory
Dr Clare Wareing, centre, with Paul Callaghan, of the Scottish National Investment Bank, and Andrew McNeil, from Eos Advisory
NOT KNOWN, CLEAR WITH PICTURE DESK

2. A Scottish firm involved in developing cancer treatments has secured £9 million of