Business Support
Business Support

The Scottish Government must act swiftly to ensure that Scottish businesses do not lose out on vital support during the coronavirus pandemic, Scottish Labour has said.

Statistics published today have revealed that only £34m in support reached Scottish firms between the 26th of May and the 2nd of June, less than half of the £95m passed on between the 28th of April and the 5th of May, raising serious concerns over a drop in support.

Furthermore, £441m of support remains unallocated despite the concerns of the Federation of Small Businesses that almost 16,000 applications for support are still awaiting approval.

Commenting, Scottish Labour finance spokesperson Jackie Baillie said:

“This pandemic poses the greatest threat to businesses in Scotland that we have seen in living memory.

Despite this, a substantial amount of funding remains unallocated and thousands of businesses are left in limbo, unable to access financial support.

“It is time for the Scottish Government to up its game and ensure that the businesses of Scotland, and by extension the workers employed by them, are supported through this critical juncture.”

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