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Business comfortable with pace of lockdown easing

Victoria Street

Businesses hope to operate near capacity (pic: Terry Murden)

Almost half of Scottish businesses support the pace of easing the lockdown restrictions, according to new data.

About 60% are ready to operate at close to full capacity when COVID-19 restrictions for their sector lift.

The data from Bank of Scotland Commercial Banking research revealed that 46% preferred neither a faster nor slower easing of restrictions and just 14% would have preferred a slower easing of restrictions.

The majority of those questioned (59%) said they will be able to operate at 80% capacity or more when restrictions for their sector are lifted.

The results of the research come a week after Bank of Scotland’s Business Barometer research revealed that UK business confidence reached a one-year high during March, with a quarter (25%) of firms saying they were planning to create new jobs in the 12 months ahead. 

Business confidence in Scotland also reached a 12-month high in March, although it remained in net negative territory, rising 15 points month-on-month to -2%. 

Fraser Sime, regional director for Scotland at Bank of Scotland Commercial Banking, said: “As seen in our March Business Barometer data, the announcement of a roadmap out of lockdown has boosted Scottish firms’ confidence and more are now looking ahead with greater optimism.

“We know that the vast majority of businesses are keen to re-open their doors and resume normal trading as soon as possible and we will remain by the side of firms in Scotland over the coming months as they continue to do so.”

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