Meeting of the Parliament 21 February 2018
The Tories really cannot abdicate their responsibility for macroeconomic policy in Scotland.
In the budget, this Government will invest almost £2.4 billion in enterprise and skills through higher and further education and our enterprise agencies. There will be a 64 per cent increase in the economy, jobs and fair work portfolio. We will allocate £18 million for the new national manufacturing institute and £10 million for the new south of Scotland development agency. We will double to £122 million the funding allocated to the city region deals. This Government is investing in economic growth in the teeth of Tory cuts and Tory opposition.
On business rates, we will offer the most attractive package of non-domestic rates relief anywhere in the United Kingdom, amounting to more than £720 million. Of course, we will also provide the UK’s first nursery relief to support our childcare policies.
Our growth accelerator will encourage businesses to invest in their premises to drive improvements in productivity. We have delivered on the business community’s number 1 ask, which was to cap an annual uplift in business rates at the consumer prices index rather than the retail prices index.
Today’s bill invests £1.2 billion in our transport system, turning the A9 into an electric highway and delivering new railway investments such as the electric trains between Edinburgh and Glasgow.