Date lodged: 25 October 2016
To ask the Scottish Government how the £60 million from the European Regional Development Fund will be used to help small and medium-sized businesses.
Answered by: Keith Brown 9 November 2016
The £60 million of EU Funds announced on 24 October 2016 will support over 20,000 SME's to develop and grow. The funding will focus on key sectors in each of Scotland's regions, and on businesses with a demonstrable desire and potential to grow their markets and employment.
Support to the individual business may take the form of business planning, leadership development, help is making the most of digital technology and platforms, introductions to new markets and grants for investment. The partners involved in the funding, Business Gateway, Scottish Enterprise and Highlands and Islands Enterprise, will also be able to cross-refer businesses to each other so that every business can access the most suitable type of support for the next stage in its growth.