Scottish Covid-19 Grant Application Forms Available Now

Source:: Business for Scotland Scottish Covid-19 Grant Application Forms Available Now The £10,000 and £25,000 grants that we have been updating you on are being administered via Scottish Councils and most if not all councils have the application forms available to download already.   If you wish to start your application immediately you can use the drop-down list on this Scottish Government site to go straight to […] Read the full article:: Business for Scotland Scottish Covid-19 Grant Application Forms Available Now

Coronavirus Business Support Update # 3 – from BfS

Source:: Business for Scotland Coronavirus Business Support Update # 3 – from BfS In this update.  Progress on support for the self employed Confirmation of support for sole trader company directors 1) The UK Parliament will vote on coronavirus business support the self employed  The UK Government will see an amendment to the Coronavirus Bill that suggests this level of support (actually capping it at £2,917). This amendment will […] Read the full article:: Business for Scotland Coronavirus Business Support Update # 3 – from BfS

Coronavirus Business Support Update #2 – from BfS

Source:: Business for Scotland Coronavirus Business Support Update #2 – from BfS Business for Scotland is one of the Scottish Government’s account managed business organisations and we have been in touch with our Account Manager and with Relevant Ministers to request clarity on the business support available. Support package still a work in progress Unfortunately, the relief package is still a work in progress. Given the latest […] Read the full article:: Business for Scotland Coronavirus Business Support Update #2 – from BfS

Breaking – UK economy has collapsed completely – UK Gov to pay people’s wages

Source:: Business for Scotland Breaking – UK economy has collapsed completely – UK Gov to pay people’s wages Breaking UK Government has had to promise to pay the wages of private businesses that are in trouble as a result of the Coronavirus Any employer will be eligible to ask HMRC to pay most of the wages for those not working but stood down by companies This amounts up to 80% of the salaries up to […] Read the full article:: Business for Scotland Breaking – UK economy has collapsed completely – UK Gov to pay people’s wages

Coronavirus – Useful information for Businesses in Scotland

Source:: Business for Scotland Coronavirus – Useful information for Businesses in Scotland Issue 1 –  20/03/2020 Numbers you may need The Scottish Government has set up a business helpline to provide Scottish businesses with advice and guidance. The number is 0300 303 0660. The helpline will be open Monday to Friday 8.30am to 5.30pm. If you are concerned that your business will not be able to meet […] Read the full article:: Business for Scotland Coronavirus – Useful information for Businesses in Scotland

Small businesses and sole traders left high and dry by UK coronavirus package

Source:: Business for Scotland Small businesses and sole traders left high and dry by UK coronavirus package The UK Chancellor, Rishi Sunak, has announced a £330bn loan package to allow companies to access loans, a business rates holiday, support for airlines in trouble and help for small firms without loss of income insurance.  There will also be a £20 billion package of other support which remains undefined right now. There will also […] Read the full article:: Business for Scotland Small businesses and sole traders left high and dry by UK coronavirus package

Coronavirus – This time the people will need a bail-out

Source:: Business for Scotland Coronavirus – This time the people will need a bail-out The UK Government’s response to the banking crisis was an enormous round of QE to bail out the banks. Through the issue of government bonds, the UK Bank of England and the UK Government created £435 billion in new money up until the last round in 2016. Coronavirus, or rather the drastic changes to our […] Read the full article:: Business for Scotland Coronavirus – This time the people will need a bail-out

Scotland leading the fight against climate crisis

Source:: Business for Scotland Scotland leading the fight against climate crisis Scotland is leading the way against climate change, with ambitious targets in place and progressive results already being achieved as a result of previous years’ policies. For example, at the end of 2018, the Scottish Government invested £16.7m towards the creation of 1,500 electric vehicle charging points, and this target has already been met, according […] Read the full article:: Business for Scotland Scotland leading the fight against climate crisis

Oil – An epic example of Westminster’s economic mismanagement

Source:: Business for Scotland Oil – An epic example of Westminster’s economic mismanagement Norway and the UK have managed their oil and gas industries very differently, resulting in a substantial contrast of fortunes in their economies. A key argument against independence is the claim that Scotland would be too small a nation to maximise the benefit of its oil industry. However, when comparing the UK and Norway’s oil […] Read the full article:: Business for Scotland Oil – An epic example of Westminster’s economic mismanagement

Bank branch closures are bad for communities and the economy

Source:: Business for Scotland Bank branch closures are bad for communities and the economy Scotland has lost more than a third of its bank branches since 2010, from 1,625 in 2010 to 975 in 2019, according to data published by the Office of National Statistics (ONS). Local bank closures is a UK-wide issue that can be seen as an unavoidable consequence of moving towards an age of digital banking. […] Read the full article:: Business for Scotland Bank branch closures are bad for communities and the economy

New investments into Scotland’s thriving space industry

Source:: Business for Scotland New investments into Scotland’s thriving space industry The ambitious plan to launch a space centre in Shetland has just received a £2 million investment from private equity firm, Leonne International. Shetland Space Centre (SSC), formed in 2017, plans to have a fully operation satellite launch facility and ground operations centre by the end of 2021. The facility is to be build on […] Read the full article:: Business for Scotland New investments into Scotland’s thriving space industry

Britain’s Broken Economy is holding Scotland back

Source:: Business for Scotland Britain’s Broken Economy is holding Scotland back Today the UK economy is weak and vulnerable to economic shocks. It sits in a precarious position, especially as the damage from Brexit won’t be felt till after the 2020 transition period. Right across the board the risk of recession and possibly even depression has never been greater in the UK since the 1970s when […] Read the full article:: Business for Scotland Britain’s Broken Economy is holding Scotland back

The Barnett Formula Myth Destroyed – It does not subsidise Scotland

Source:: Business for Scotland The Barnett Formula Myth Destroyed – It does not subsidise Scotland Arguably the most misunderstood part of the UK public sector budgeting mechanism is the Barnett Formula. The vast majority of people, politicians and the media seem to think that Barnett represents a subsidy to Scotland. Many Westminster MPs (mainly Conservatives) have described it as English taxpayers subsidising Scottish public spending, and the mainstream media have […] Read the full article:: Business for Scotland The Barnett Formula Myth Destroyed – It does not subsidise Scotland

The Croydon Principle – How Westminster secretly sends Scotland’s budget south

Source:: Business for Scotland The Croydon Principle – How Westminster secretly sends Scotland’s budget south There is a little known Westminster spending policy that places a charge on Scotland’s public sector accounts, but the economic benefit of it is felt outside of Scotland. In short, Scotland does not benefit from all of the spending that the UK Government claims it spends on Scotland’s behalf. I call this ‘The Croydon Principle.’ […] Read the full article:: Business for Scotland The Croydon Principle – How Westminster secretly sends Scotland’s budget south

The significance of Kate Forbes’ appointment as Scotland’s first ever female secretary of finance

Source:: Business for Scotland The significance of Kate Forbes’ appointment as Scotland’s first ever female secretary of finance Kate Forbes, has been appointed by Nicola Sturgeon, Scotland’s First Minister (FM), as the Finance Secretary of the Scottish government.1 Business for Scotland has welcomed Forbes’ appointment, as apart from being a great choice, it is also of historical significance to Scottish politics. She is Scotland’s first woman finance secretary and the youngest person, 29 […] Read the full article:: Business for Scotland The significance of Kate Forbes’ appointment as Scotland’s first ever female secretary of finance