Economic condition of crofting: 2019 to 2022
This is a report to the Scottish Parliament as outlined in the terms of section 51 of the Crofting Reform (Scotland) Act 2010, reflecting the economic condition of crofting and the measures taken by the Scottish Ministers, the Crofting Commission and others to support crofting during 2019 to 2022.
24. COVID-19 Support
24.1. The COVID-19 pandemic had a significant impact on Scottish businesses and the overall economy. Given the pace and scale of the collapse in economic activity in some sectors, the Scottish and UK Governments introduced a significant package of business support measures aimed at helping businesses survive and maintain employment during the crisis.
24.2. Since spring 2020, over £4.7 billion in business support was used across Scotland to help mitigate the economic impact of the pandemic. Financial Support for the self-employed and Small and Medium Enterprises (SMEs) included Universal Credit, The Coronavirus Business Interruption Loan Scheme, and the Self-employment Income Support Scheme.
24.3. Data indicates that 32% of businesses in Scotland received Scottish Government grant support. With 11% of businesses having received sector-specific grants from the Scottish Government. A higher proportion of SMEs (34%) received Scottish Government grant support than larger businesses (10%), reflecting the targeting of Scottish Government grant support at smaller businesses.
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