Scottish Government pledges £570m support for business and economy

More than £1.8bn of extra funding has been allocated to tackling the impact of coronavirus in Scotland.

Support for business and the wider economy of £570m will include grants via the Strategic Framework, funding for local support packages, the newly self-employed hardship fund, digital support, Local Authority Discretionary Business Funding and remaining allocations from the £97m support for culture and heritage.

The funding was detailed in a letter from finance secretary Kate Forbes to the Scottish Parliament’s Finance and Constitution Committee.

“The UK Treasury has indicated that this funding covers the period up to March 2021, so I have allocated £330m as a contingency to ensure we are in a position to provide further support to health and businesses, including for issues arising from Brexit, as it is required over the coming months,” she wrote.

“Our limited borrowing powers mean we do not have flexibility to increase spending to meet

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