Question reference: S6W-00333
- Asked by: Daniel Johnson, MSP for Edinburgh Southern, Scottish Labour
- Date lodged: 2 June 2021
-
Current status: Answered by Ivan McKee on 11 June 2021
Question
To ask the Scottish Government what information it has regarding the amount of business debt that has been accumulated by SMEs because of the COVID-19 restrictions.
Answer
Scottish Government regularly monitors SME debt levels and meets monthly with Scottish Financial Enterprise and the main banks in Scotland to monitor trends in lending facilities and identify key emerging themes. In the event that these identify areas of concern, Scottish Government will work with UK government (Treasury, British Business Bank) as well as other SG policy areas and enterprise agencies to develop an appropriate response.