Local MSP welcomes new support for local start-ups

Thursday May 23rd 2024

Scottish-Parliament-2021


Written by Midlothian View Reporter, Luke Jackson

The Scottish Government has unveiled new support for start-up firms in Scotland.

Christine Grahame, MSP for Midlothian South, Tweeddale and Lauderdale constituency, has welcomed the announcement from the Deputy First Minister that £5 million pounds is being invested to grow and nurture high-growth businesses. It forms part of an ongoing to commitment to deliver on the recommendations of the Logan report into developing a world-class technology sector, and the Pathways report which is focussed on expanding the number of women starting and scaling-up businesses.

This package includes funding to develop pre-start up support and increased investment in Scottish EDGE, the business funding competition.

Deputy First Minister Kate Forbes announced these measures to ensure that “innovation is at the very heart of our economy.”

SNP MSP Ms Grahame said:

“In Midlothian we have the talent, skills and facilities to develop a strong and vibrant start up economy. This investment package from the SNP Government is an important step that will increases opportunities and help develop start-up networks across Midlothian.

“I am pleased to see that this investment will also take steps to tackle the extreme gender imbalance which currently exists in entrepreneurship – currently only one in five of Scotland’s businesses are led by women and start-ups founded by women receive only 2% of overall investment capital. These are stark figures and clearly show there is untapped potential amongst women in Scotland.

“At a time when Scotland is becoming an attractive destination for economic investment – the SNP Government will continue taking every possible action to prioritise growing the economy.”

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