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Covid-19: Support for Businesses

Volume 681: debated on Wednesday 7 October 2020

What discussions he has had with the Chancellor of the Exchequer on the economic support available to businesses in Scotland during the covid-19 outbreak. (906964)

I have regular discussions with my ministerial colleagues, including the Chancellor, on all aspects of the impact of the coronavirus pandemic in Scotland. We have taken substantial action to support the economy from the shock of covid-19—for example, more than 65,000 businesses in Scotland have benefited from more than £2.3 billion of support through Government-supported loan schemes.

Productivity rates in Scotland are some of the very best in the UK. Does my hon. Friend agree that the vital extra support going to Scottish companies at this time, as he just mentioned, plus the extra £6.5 billion that the UK Government have made available to the Scottish Government, means that Scottish business will be well placed to help to lead a UK-wide recovery?

My right hon. Friend is absolutely right. Let me just quantify the support that we are giving on a per capita basis: it is around £1,200 extra for each man, woman and child in Scotland. He is absolutely right that Scottish business is in a good place. I have regular meetings with many companies that are putting forward very innovative schemes that we are supporting through the city and regional growth deal package to help us build back better when we emerge from this crisis.