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Labour pledges overhaul

RSA grants to businesses fall by 84% in ten years

Richard Leonard in AirdrieGrant support for Scottish businesses has slumped over the past decade, according to figures obtained by Scottish Labour.

Offers of regional selective assistance (RSA), the main handout used by the Scottish government to help create jobs, have plummeted by 84% from £87.4 million in 2007/8 to £14m in 2017/18.

Scottish Labour leader Richard Leonard, pictured, said: “Scotland’s economy has been held back for too long by a Tory government in Westminster and an SNP administration at Holyrood that is letting Scotland down.

“Instead of investing in well-paid jobs to help our communities to flourish, the SNP government has cut regional selective assistance by 84 per cent over the last decade.

“The next Scottish Labour government will overhaul government grants like Regional Selective Assistance, and work with employers and unions to plan the economy through an industrial strategy to grow Scottish owned business, delivering jobs and sustainable development.”

Offers Accepted (Amount)

2007/8 (£M)

2017/18 (£M)

Scottish Owned

24.1 (28%)

10.1 (72%)

UK (Non Scottish Owned)

14.6 (17%)

3.5 (25%)

Foreign Owned

48.7 (55%)

0.4 (3%)

Total

87.4

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