Business: Scotland

(asked on 13th January 2021) - View Source

Question to the Scotland Office:

To ask the Secretary of State for Scotland, what recent assessment his Department has had made of the adequacy of the economic support available for Scottish businesses during the covid-19 outbreak.


Answered by
Alister Jack Portrait
Alister Jack
Secretary of State for Scotland
This question was answered on 20th January 2021

The Treasury is providing unprecedented support for jobs and businesses across the UK in the face of coronavirus, including an unprecedented £8.6bn upfront guarantee to the Scottish Government. Scotland’s Budget will increase by over £2.4bn during the next financial year.

This is on top of the UK-wide schemes, such as the support for workers, self-employed people and the British Business Bank-administered business loan schemes.

Where policy responsibilities are devolved, the Scottish Government can use this very substantial additional funding to grow the economy, improve public services and support people and businesses across Scotland. I urge the Scottish Government to take swift action to make sure that the funding is made available as soon as possible.

The unprecedented package of measures we have put in place to support all parts of the country shows the clear benefits for Scotland of being part of a strong United Kingdom.

Reticulating Splines