Scotland's Economy

  • Budget update statement

    16th February 2021 by

    Finance Secretary Kate Forbes has updated the Scottish Parliament on developments with the Scottish Budget 2021-22.  Her full statement is below. “My objectives in this Budget statement today are to give as much early clarity to businesses, public bodies and communities and to be as transparent as possible, This is a Budget for the nation,...

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  • Ministerial Statement: The contribution of place-based economic development zones

    21st January 2021 by

    Trade Minister Ivan McKee: Presiding Officer, today, I have published findings from a survey conducted at the end of 2020 on “Scotland’s Economic Performance: The Contribution of Place-Based Economic Development Zones” and I welcome the opportunity to set out some of those findings and next steps to Parliament. The survey sought the views of businesses,...

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  • Support for larger self-catering properties and B&Bs

    21st January 2021 by

    Details of support for larger self-catering properties and B&Bs paying council tax have been confirmed by Tourism Secretary Fergus Ewing. The £7 million Large Self-Catering Grant and the Exclusive Use Grant was announced as part of the £104 million tourism and hospitality package in December. Eligible self–catering businesses will be able to apply for one...

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  • Finance Secretary update on COVID-19 business support

    20th January 2021 by

    Finance Secretary Kate Forbes has written to businesses today to provide an update on support for businesses during the pandemic. Over a third of overall COVID-19 funding has been spent on business support. Ms Forbes confirmed that more than 90% of all funding announced is live, with some smaller schemes due to come on stream...

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  • EU funds replacement plan is a “power grab”

    20th January 2021 by

    Statement by Trade, Innovation and Public Finance Minister Ivan McKee to the Finance and Constitution Committee on the UK Government’s proposed Shared Prosperity Fund. Thank you Convenor for inviting Professor David Bell and myself to the Committee today to update you on the replacement of EU Structural Funds in Scotland, the recently published Scotland’s Position...

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  • Response to the Chancellor’s business support announcement

    5th January 2021 by

    Responding to today’s announcement by the UK Government on business support, Finance Secretary Kate Forbes said: “We are both surprised and disappointed that the UK Government’s announcement of additional funding for businesses in England will not – despite the initial indications –  generate further new funding for the Scottish Government or other devolved administrations. “This...

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  • BiFab update

    16th December 2020 by

    Economy Secretary Fiona Hyslop said: In 2016 the owners of BiFab sought to sell the business. At that point DF Barnes became involved in the process and achieved preferred bidder status. The negotiations were paused when the managing director of BiFab sadly passed away. It subsequently became clear that BiFab would require external funding to...

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  • Minister calls for Scotland’s distinctive needs to be met

    11th December 2020 by

    Trade Minister Ivan McKee has written to the UK Government repeating his call for it to pass all monies intended to replace EU structural funds to Scotland. A copy of his letter to Scotland Office Minister Iain Stewart is below: Dear Iain, Thank you for meeting with me on Thursday 26 November to discuss the...

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  • Improving digital public services

    7th December 2020 by

    New report benchmarks Scotland’s digital progress against neighbours Scotland is ahead of the UK and most of Europe when it comes to digital public services but needs to do more to compete with Nordic countries, according to a new report. Researchers used ‘mystery shoppers’ to find out what it was like dealing with public services...

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  • BiFab update

    3rd December 2020 by

    Economy Secretary Fiona Hyslop said: “I know this will be an extremely worrying time for BiFab’s workers and we will continue to do everything in our power to support them and stand ready to work with any company interesting in taking on the yards. The skills and dedication of the workforce is recognised throughout the...

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