21/10/2026
Scotland's public finances face significant pressures ahead of next year's Budget, but that also creates an opportunity to make choices that support growth and strengthen the economy for the long term.
In our pre-Budget submission to the Scottish Parliament's Economy, Tourism and Energy Committee, we've highlighted the huge contribution made by Scotland's small businesses and the potential gains that could come from improving the environment in which they operate.
Small firms account for 98% of all businesses in Scotland, support 940,000 jobs and generate Β£98 billion in annual turnover.
Even modest improvements could have a major impact. A 2% increase in employment among small businesses would create around 19,000 additional jobs. A 2% increase in turnover would add almost Β£2 billion to business revenues.
That's why we believe supporting small businesses should be at the heart of next year's Budget. Helping existing firms to grow and thrive offers one of the clearest, quickest and most sustainable ways to boost Scotland's economy.
Read more about our submission below π