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SCC respond to Scottish Budget Update

Published

10th December 2020

Responding to the Scottish budget update announced by the Cabinet Secretary for Finance Kate Forbes MSP today, Dr Liz Cameron, Chief Executive of the Scottish Chambers of Commerce, said:

“A further £185million to support the hardest hit businesses in Scotland is welcome but will be cold comfort to many businesses who have so little cash left they have only weeks to survive. We are not convinced that the urgency of the need to pay our rent and other costs are fully understood.

“For many, January will be too late to save business owners, their families and their employees from economic ruin. This should be the top priority for all organisations who are going to be involved in supporting businesses.’’

Scottish Chambers of Commerce

The Scottish Chambers of Commerce is at the heart of Scotland’s largest and most influential business to business network.

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Baker Hughes Energy Technology UK Limited

Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of invention, BHGE harnesses the passion and experience of its people to enhance productivity across the oil and gas value chain. BHGE helps its customers acquire, transport and refine hydrocarbons more efficiently, productively and safely, with a smaller environmental footprint and at lower cost per barrel. Backed by the digital industrial strength of GE, the company deploys minds, machines and the cloud to break down silos and reduce waste and risk, applying breakthroughs from other industries to advance its own.

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Our first priority is to provide a safe and reliable supply of electricity to our communities. We do this by taking the electricity from generators and transporting it at high voltages over long distances through our transmission network for onwards distribution to homes and businesses in villages, towns and cities.

Our operating area is home to vast renewable energy resources and this is being harnessed by wind, hydro and marine generation. Working closely with National Grid, the GB transmission System Operator, we also enable these electricity generators to connect to the transmission system by providing their connections and allowing the electricity generated by them to be transported to areas of demand across the country.

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