Malcolm is a chartered surveyor and, after public sector property experience in Hull, set up Scotts Property in 1990. He retired from the practice in 2012 to become more involved in other projects.
A former president of the regional Chamber of Commerce, he has been involved in public and private economic initiatives, mainly around development and infrastructure issues.
In recent years, the creation of Fruit Trade Music has been supported, followed by the creation of Kardomah94 in Hull city centre, a café/bar and intimate theatre to encourage growth in wide-ranging regional cultural activity.
He is a board member of the Humber Local Enterprise Partnership (LEP), a member of the community interest company For Entrepreneurs Only, the director of development at Hull Kingston Rovers and a founder director of recently established community radio station, Hull Kingston Radio.