Chamber Network Submission- Advisory Group On Economic Recovery
As a Chamber Network representing 12,000 businesses across Scotland, we believe that practical support must extend to every size of business, in every sector and geographical location in Scotland. No business should be left behind on the road to economic recovery. Specific focus and support should be provided to small and medium sized businesses which are the lifeblood of Scotland’s economy and the beating heart of our local communities.
The Scottish and UK Government have played a central role in providing critical business support throughout this crisis. This role will have to continue through the recovery period and beyond. Both Governments should pursue strategic economic policy decisions to support business recovery. The focus of such decisions should be on preserving jobs and activity within the economy, including measures to provide no or low-interest bridging help; trade finance; working capital loans with flexible and deferred terms; tax relief; loan payment relief; rent/lease relief; grants; wage subsidies for SMEs; skills and training; business support interventions; and fast-tracking infrastructure
This document provides a summary of the practical business solutions and economic policies for the Scottish and UK Government to implement to support business recovery.