CBI Scotland responds to additional COVID-19 business support

Tracy Black, CBI Scotland Director, said:

“While the end of level four restrictions will come as a relief for many, it doesn’t hide the fact that a large number of Scottish businesses – particularly those in hospitality, retail and tourism – remain in a precarious position, with thousands of jobs still hanging by a thread.

“The announcement of further support for businesses in some of the hardest hit sectors is welcome. It’s vital that details of the new support schemes are communicated clearly, that the application process is simple, and that funds reach firms in need as quickly as possible. These resources could provide a vital lifeline for businesses as they look to stay afloat through to spring, when the impact of widespread vaccination is likely to be felt.

“Continuing to ramp-up widespread testing would also help Scotland’s fragile economy to weather the difficult winter ahead. Businesses also want to know that there is a plan in place for after Christmas and that a return to the same cycle of severe restrictions is unlikely.”