14 April 2020

This morning, the Cabinet Secretary for Finance, Kate Forbes, announced a further £220M of funding for Scottish businesses, including £120M to extend the small business grants scheme and a further £100M for micro businesses and the self-employed to apply for.

Crucially, today’s announcement states that small businesses that have more than one property will be eligible for a 75 per cent grant on all subsequent properties.

Last week, Scottish Labour Leader Richard Leonard wrote to Kate Forbes to call for the Scottish Government to extend the small business grants scheme so that businesses with more than one property were not disadvantaged and were eligible for appropriate financial support.

Commenting on today’s announcement, the Leader of the Scottish Labour Party Richard Leonard said:

“Today’s announcement will come as some relief to many businesses in Scotland that faced the real prospect of financial ruin due to the Scottish Government’s previous insistence in offering grants for only one premises.

“We are glad that Kate Forbes has listened to Scottish Labour’s call and the concerns of Scotland’s business community, however, it is clear that the financial support on offer to businesses of more than one property in Scotland is still below the level of support on offer elsewhere in the UK.

“Scottish Labour will continue to scrutinise closely the Scottish Government’s economic strategy.”
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