Business: Scotland

(asked on 3rd March 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

What discussions he has had with the Chancellor of the Exchequer on increasing fiscal support to businesses in Scotland.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 3rd March 2020

We regularly engage with colleagues across Whitehall including the Chancellor of the Exchequer on how we can support businesses across the UK.

£1.4 billion in city region and growth deals has been invested by UK Government in Scotland, including £150 million for the Tay Cities Deal in the hon Member's constituency.

Since November 2014, the British Business Bank has supported over 6,500 SMEs in Scotland to a value of £1.3 billion, and its Start-up Loans Programme has issued over 4,200 loans worth over £32 million.

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