Grants

Scottish government urged to hand 75m to small businesses ahead of Brexit

David Craik | 26 November 2018 | 6 years ago

Scotland
The Scottish Budget will be delivered on December 12
Scottish businesses should be given 75million to help them deal with Brexit, the Federation of Small Businesses (FSB) has demanded.

FSB Scotland has urged the Scottish Government to set aside the money in a Brexit resilience fund in its submission ahead of the Scottish Budget on December 12.

In a letter to Ministers, the small business campaign group also called for further reforms of the business rates system, as well as action to boost town centres and high streets.

our research shows that only a minority of Scottish businesses have started to prepare for Brexit. While few would blame firms when they still don’t know exactly what they’re preparing for, we can’t see good businesses overwhelmed by a rapidly changing trading environment, said Andrew McRae, FSB’s Scotland policy chair.

earlier this year, the Welsh Government announced a 50m EU Transition Fund. Weve been impressed by Scotland’s economic agencies? response so far, but after 29 March the work is really going to need to ramp up. At this budget, the Finance Secretary needs to put aside funds to help businesses across all sectors and geographies adapt.

Read more about the impact of Brexit on small UK businesses:

FSB’s submission also detailed a request for the development of a new town centre diversification fund, which would be used to upgrade high street properties and infrastructure.

McRae added: The high street is known as the home of independent retail. But if were to turn around some of our town centres, we need to make them attractive to the next-generation of businesses. We want the Scottish Government to build on the success of its town centre regeneration fund with a new high street diversification programme.

It also laid out proposals for additional changes to the Scottish rates system including a new taper on the Scottish Government’s small business rates relief scheme, to smooth out financial shocks to businesses who suddenly find themselves outside the scheme’s scope.

__________________________________________________________________________________

 

Life after Brexit: Could corporate disillusionment spark a wave of entrepreneurship?

Millions of Brits are planning to become their own bosses as they respond to life after Brexit, survey findings have revealed.

__________________________________________________________________________________

Topic

Grants

Related Topics

A Guide to Government Grants for Small Businesses
2 June 2023

A Guide to Government Grants for Small Businesses

Read More →
Full details of a new Government lockdown grant scheme reveals cracks
19 January 2021

Full details of a new Government lockdown grant scheme reveals cracks

Read More →
FedEx Express puts up 20, 000 grant to help UK SMEs reach international potential
13 November 2018

FedEx Express puts up 20, 000 grant to help UK SMEs reach international potential

Read More →
Government turns to green entrepreneurs to help save the environment
25 October 2018

Government turns to green entrepreneurs to help save the environment

Read More →
Chancellor urged to deliver 3, 000 Brexit voucher for every small business
18 October 2018

Chancellor urged to deliver 3, 000 Brexit voucher for every small business

Read More →
Could free government cash bring small businesses out of productivity crisis?
12 October 2018

Could free government cash bring small businesses out of productivity crisis?

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter