Brexit (Business Support)

Part of the debate – in the Scottish Parliament at on 8 September 2016.

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Photo of Nicola Sturgeon Nicola Sturgeon Scottish National Party

Earlier this week, I announced that we intend to use the strength of our balance sheet to establish a new Scottish growth fund. Over three years, that will provide small and medium-sized enterprises with up to £500 million of investment guarantees and some loans up to a maximum of £5 million per eligible business.

I also announced 16 projects that will support and create employment as part of our £100 million capital investment package. They include a £20 million investment in energy saving measures for homes and public sector buildings, £23 million to upgrade the higher education estate, and £10 million that will go towards local economic development projects throughout the country. All of that spending is, of course, accelerated into this financial year.

Responding to the Federation of Small Businesses, we have also created a new single point of contact for businesses in Scotland to enable individual companies to submit any questions or concerns that they have about the impact of Brexit.