Scotland’s economy has recovered half the fall in GDP which followed the implementation of the coronavirus lockdown, but may still not return to pre-pandemic levels until the end of 2023, according to the latest State of the Economy report. The report, published by the Scottish Governmen
Scottish Government
The Scottish Government's First Homes Fund which provides first-time buyers with loans of up to £25,000 is being continued next year, according to housing minister Kevin Stewart. The fund is still to be fully evaluated by the Scottish Government, however, Mr Stewart has said it has been a "hug
The Scottish Government has launched a new £10 million fund to make the area around the River Clyde an engine of sustainable and inclusive growth and kick-start its economic recovery.
Scotland's finance secretary Kate Forbes has said that the chancellor's Winter Economy Plan announced yesterday does not go far enough to protect jobs. While Ms Forbes welcomed some of the measures announced by the UK Government, she said that the details of the economic plan would not provide the s
The Scottish Government's Autumn Budget Revision (ABR) for 2020-21 has brought the total amount committed to dealing with the coronavirus pandemic to more than £6.5 billion. Yesterday, the government announced that it has allocated a further £2.5bn in response to COVID-19.
The Scottish Government has published a five-year infrastructure investment plan which it said will support tens of thousands of jobs and help stimulate a green economic recovery from the coronavirus pandemic. Covering the five years from 2021-22 to 2025-26, the £24 billion Draft Inf
The Scottish Government has now committed more than £350 million to support communities during the coronavirus pandemic. Since March, this funding has enabled councils, charities and community groups to be flexible and respond swiftly to help people impacted economically or socially, including
The aquaculture sector contributed approximately £885 million to the wider Scottish economy and supported 11,700 jobs in 2018, according to new research commissioned by The Marine Scotland.
High growth start-up companies and university spinout projects will receive grants from the Scottish government to help them grow in the wake of the COVID-19 pandemic. Part of a £3 million package of support, the funding provides grants of up to £50,000 for 41 high growth potential
A Scottish government report has estimated that extending the furlough scheme by eight months could save 61,000 jobs in Scotland. The new research estimates that the direct cost of extending the furlough scheme in Scotland to June is around £850 million, but the wider economic benefits, s
The Scottish Government has launched a Sustainable Agriculture Capital Grant Scheme (SACGS) with the stated aim of protecting and improving the natural environment, reducing greenhouse gas emissions and supporting sustainable farming and land use. The grant forms part of the Agricultural Transformat
Economy secretary Fiona Hyslop has written to the UK Government voicing concern at its plans for a post-Brexit internal market, saying it represents a threat to the Scottish economy. Ms Hyslop said the proposed Internal Markets Bill will jeopardise Scotland’s food and drink sector, which has a
Businesses in the Scottish Borders have benefitted from almost £40 million of support through the Team South of Scotland partnership of Scottish Borders Council and South of Scotland Enterprise (SOSE). Local businesses have received a total of almost £34m from the Scottish Government&rsq
Island communities will benefit from a £2 million programme of locally-led green projects funded by the Scottish Government which are designed to help support their economic recovery from the coronavirus pandemic.
A total of £700,000 is being made available to help Scotland’s Business Improvement Districts (BIDs) support their communities in their recovery from the coronavirus crisis. The Scottish Government has released the funding to support them over the next six months through a second round o