FSB welcomes cash for recovery

Press Releases 21 Feb 2022

A new £80 million Covid Economic Recovery Fund has been launched by the First Minister. The money will go to councils who will have flexibility regarding how they spend the funding. A further £3 million has been allocated to a City Centre Recovery Fund.

Andrew McRae, the Federation of Small Businesses (FSB) in Scotland’s policy chair, said: “Independent businesses across Scotland will take heart when they learn that cash has been allocated to accelerate local recovery. This funding can’t linger in council bank accounts and must be spent on projects which really benefit the smaller businesses on our doorsteps.

“Just because restrictions are being lifted, that doesn’t mean that recovery is assured. Governments in Edinburgh and London must look at ways to relieve the immense pressure that rising overheads are putting on firms, and at the very least avoid making matters worse.

“The damage done to local economies over the last two years won’t be fixed overnight. Ahead of this year’s council elections, we must see candidates and parties pledge to put smaller firms at the heart of their plans for driving success in their local communities.”

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