FSB: Budget promises stability but more help for firms required

Press Releases 28 Jan 2021

Scottish budget

This afternoon the Scottish Government set out its budget plans for the year ahead. The Federation of Small Businesses (FSB) welcomed many of the measures, but urged MSPs from all parties to secure more help for local businesses in crisis.

Andrew McRae, FSB’s Scotland policy chair, said: “Today was an opportunity for the Scottish Government to set out their plans to see Scotland’s independent and local firms through the remainder of the pandemic. While the Cabinet Secretary offered stability for business on several important fronts, we heard too little about closing some of the big holes in grant support.

“It was important to see the three-month extension of the 100% covid rates reliefs and the continuation of small business rates relief.  But this only goes so far.  We need to avoid any scenario where businesses face property tax demands on premises the government has barred them from using.

“Full rates relief for all smaller firms must be confirmed for the year, allowing local shops, pubs, hotels and restaurants to get back on their feet. Similarly, the Scottish Government and the wider public sector should pledge to freeze and reduce other fees and charges.

“Investment in skills and digital infrastructure lays the foundations for long-term recovery. But if we lose businesses in the jaws of the crisis, then bouncing back becomes that much harder. As the budget moves through parliament, we need to see MSPs from across the political spectrum ensure that it provides enough lifeline help for the independent businesses on their doorsteps.”

ENDS

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