Supporting Scottish Business

As an amendment to motion S3M-04246 in the name of Jeremy Purvis (Supporting Scottish Business), leave out from “regrets” to end and insert “further notes that the Scottish Investment Bank, announced by the First Minister on 21 April 2009, will initially bring together approximately £150 million in public sector resource to support company growth in Scotland; also notes that, following this first step, the Scottish Government will look to enhance the scale and impact of such financial support to growing Scottish businesses including the potential to secure significant additional funds from the European Investment Bank through the establishment of a Joint European Resources for Micro to Medium Enterprises (JEREMIE) fund for Scotland, and considers that, among other measures that the Scottish Government has introduced, its small business bonus scheme has helped the tens of thousands of Scottish firms now exempt from paying local business rates.”