SFE responds to the Scottish Draft Budget

The Cabinet Secretary for Finance has announced the Scottish Draft Budget for 2021-22.

In response to the Draft Budget, Sandy Begbie CBE, Chief Executive of Scottish Financial Enterprise, said:

“Today’s Budget Statement was rightly focussed on economic recovery and SFE welcomes the range of measures announced by the Finance Secretary to support people and businesses during this extremely challenging time.

“The private sector is critical to a successful economic recovery and the decision to retain existing income tax levels and the extension of the non-domestic rates relief will give businesses some welcome short-term certainty.

“It’s vitally important we develop a workforce fit for the future especially as younger people are disproportionately affected by the virus. The £1.1 billion package of support for skills and jobs is an important step and the Young Person’s Guarantee will play a crucial role in achieving this aim.  Investing in Scotland’s digital connectivity will also support business growth and ambitious infrastructure projects will help create jobs.

“The financial services industry recognises the key role it can play in the recovery ahead and SFE will continue to engage constructively with both the Scottish and UK Governments as we look to recover from the pandemic, transition to a green economy, attract foreign investment and generate jobs for the future.”

28 January 2021