Friday , May 27 2022

The Finance Secretary urged the establishment of £ 75m from the Brexit fund for Budget businesses


Business leaders call on the Scottish Government to set up a £ 75 million fund to help companies deal with Brexit.

The Federation of Small Businesses (FSB) in Scotland the party before Finance Secretary, Derek Mackay, set his Budget to Holyrood on December 12.

The FSB also urges Mr Mackay to commit £ 100 million to help Scottish town centers, to modify the government's current rate relief scheme to help more businesses, and to refuse calls from local councils to introduce Tourism Tax, which would impose a levy at the cost of hotel rooms.

With Brexit, FSB's policy chairman, Andrew McRae, says the "top priority" for business to the north of the border was "avoiding any disorderly accident, no transfer Brexit ".

But he added: "The fact that we need an agreement does not mean that Scottish companies welcome all dot and choma in the current proposals."

Mr McRae called on the UK Government to "pay older people to the Scottish business community" when considering key issues, such as designing a new immigration system for when the country leaves the European Union.

In the meantime, the Scottish Government was urged to follow the example of Wales, where ministers have announced the £ 50 million EU Transformation Fund to help businesses.

In his letter to the Finance Secretary, Mr McRae said that companies could request "extra help" to help them adapt to the post-Brexit British reality.

He said: "In particular, smaller companies may need financial support to enable them to make necessary adjustments, whether they have access to technical or specialist information on trading, dealing with increasing or different bureaucracy, or going to & # 39 ; skills or staffing issues.

"Therefore, we are introducing that the Scottish Government should establish a Brexit Resistance Fund, which is similar to what has been introduced in Wales."

The plea after FSB research found "only a minority of businesses in Scotland have started preparing for Brexit".

Mr McRae added: "Although many of them would not blame companies when they do not know exactly what they are preparing, we can not see good businesses being overwhelmed by a rapidly changing trading environment . "

Calling for £ 100 million to be placed in the Town Center Diversification Fund, said: "The high street is known as an independent retail home. But if we want to turn some of the town centers, we need them make it attractive to the next generation of businesses.

"We want the Scottish Government to build on the success of its town center regeneration fund with a new high street diversification program."

Such a fund could help to convert empty large street shops for different uses, as well as helping to build more houses in town centers, he added.

Mr McRae also urged Mr Mackay to "tweak" the notable "Bonus Small Business" scheme, so businesses outside the scope of full relief get extra help. "

FSB Scotland wants a rateable value between companies between £ 15,001 and £ 16,500 to get 50% off their rates bills, saying that such a change could benefit from around 3,500 businesses at a cost of less than £ 5 million.

"This simple move could reduce the total rate appeals, reducing pressure on the wider tax system," said Mr McRae.

Constable Secretary Secretary Michael Russell said: "We agree with the concerns expressed here by businesses in Scotland about the detrimentality of Brexit – particularly their warnings over threat of non-dealing result and & # 39 ; r dangers given to the Scottish economy by limiting migration.

"The Scottish Government has already launched an initiative to help businesses prepare for Brexit, with grants of up to £ 4,000 available – but of course, the best way to mitigate the worst effect, not wait in the EU, remains a member of the European Union and European Customs Union. "

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