Covid-19 Support for Businesses 2020-10-07
2020-10-07
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Response quality
Questions & Answers
Q1
Direct Answer
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Context
The MP inquired about discussions on the economic impact of the coronavirus pandemic and support measures available to Scottish businesses.
What discussions has he had with the Chancellor regarding the economic support available to businesses in Scotland due to the ongoing COVID-19 outbreak?
The minister confirms regular discussions with his colleagues, including the Chancellor. Over 65,000 businesses in Scotland have received more than £2.3 billion of support through Government-supported loan schemes to address the economic impact of coronavirus.
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Q2
Direct Answer
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Context
The MP noted that productivity rates in Scotland are among the highest in the UK and asked if the extra £6.5 billion given to the Scottish Government would help businesses lead a UK-wide recovery.
Given that productivity rates in Scotland are some of the best, does he agree that the support measures plus the additional £6.5 billion will position Scottish business well for leading the UK's economic recovery?
The minister agrees that Scottish business is well-positioned for leading a UK-wide recovery, noting additional per capita support of around £1,200 for each person in Scotland. Innovative schemes from companies are being supported through the city and regional growth deal package.
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