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The Latest news from Dumfries and Galloway Chamber of Commerce -

Keep up to date with the latest news and stories from across Dumfries & Galloway.

 

MONIAIVE GETS WINDFALL FROM SCOTTISH LAND FUND

SNP MSP Joan McAlpine has congratulated the Moniaive Initiative for its success in receiving a share of a Scottish Government fund to support community ownership.

 

 

The Initiative has been awarded £56,691 in the latest round of Scottish Land Fund awards, with £700k supporting communities to buy land and buildings.

A commercial unit on Moniaive High Street will be purchased and converted into a charity shop, information point, office space and multi-purpose accommodation for a variety of local clubs and organisations.

The Scottish Land Fund, funded by the Scottish Government, provides grants of up to £1 million as well as practical support to encourage community ownership.

Ms McAlpine has submitted a motion to the Scottish Parliament congratulating Moniaive.

Commenting, Ms McAlpine said:

“I am delighted that Moniaive has been successful in their application, with the whole community now set to benefit from this investment.  It comes shortly after the land fund offer to the Midsteeple Quarter community project to transform Dumfries High Street.  A few years ago the people of Lochmaben used money from the Scottish Land Fund to buy Castle Loch and the benefits have been extraordinary.

“Community ownership can transform the prospects of a local area, giving people a real stake in their future.  Land ownership in Scotland is more concentrated in a few private hands than anywhere else in Europe.  The Land Fund initiative by our government seeks to make that fairer by helping transfer land and property back into the hands of the people who live and work on it.

“I hope the success of Moniaive Initiative will encourage others in the South of Scotland to consider how community ownership could benefit them.”

ROYAL BANK OF SCOTLAND PROFIT RISE THE “ULTIMATE INSULT” TO STAFF AND CUSTOMERS OF AXED BRANCHES

South Scotland MSP Colin Smyth has accused the Royal Bank of Scotland (RBS) of the “ultimate insult” to staff and customers of recently closed bank branches after the Government owned bank announced that profits have more than doubled this year.

 

 

The company recorded profits last week of £1.6bn just weeks after the final closure of 60 branches in Scotland- including 15 that serve the South of Scotland.

South Scotland Labour MSP Colin Smyth said, “The celebrations of RBS over the doubling of their profits and the decision to bump their Chief Executive’s pay up by £100,000 to £3.6m is the ultimate insult to the hundreds of staff and customers across the South of Scotland who have just lost their jobs and their local RBS bank branch”

“RBS is owned by the UK Government and I have consistently called on them and the Secretary of State for Scotland David Mundell to intervene to stop these closures. As RBS’s major shareholder the UK Government could and should have stopped these banks branches being axed and the huge profits RBS have made show how unnecessary these closures were.”

“The public put £45 billion into RBS to bail it out following the financial crisis, yet it seems only RBS’s boss and shareholders have seen the rewards of that investment with local people losing out as a result of the greed of bankers and the inaction of the UK Government.”

COUNCIL LEADER REVEALS GOVERNMENT HAVE SLASHED COUNCIL BUDGET BY 12.6% SINCE 2010

Council Leader Elaine Murray has released new figures that show the Government have slashed the Council’s budget by 12.6% in real terms since 2010.

 

 

At the same time the Scottish Government’s own funding allocation has faced a real terms cut of 6% from the UK Conservative Government. When tax and borrowing decisions made by the Scottish Government are taking into account, the real terms cut in Scottish Government spending falls to 3.8% - almost a quarter of the cut imposed by the Scottish Government on Dumfries and Galloway Council.

Dumfries and Galloway Council will meet on Thursday 28th February to set a budget for the coming financial year. The Council is expected to use a combination of Council Tax rises and cuts to services to plug a funding gap of nearly £15m.

Councillor Elaine Murray said, “This analysis makes it clear that decisions taken by both the UK Conservative Government and SNP Scottish Government have led to a real terms funding cut of 12.6% being imposed on our Council since 2010. Local Tory and SNP politicians must take responsibility for the decisions taken by the Governments that they support. The funding reductions imposed on our Council has resulted in almost £100million worth of cuts being made to vital local services.

Dumfries and Galloway Council’s budget has been cut to the bone. The level of cuts still being imposed on our Council as a result of Tory austerity and SNP cuts will lead to further cuts in vital local services and will have huge implications on our schools, social care services and on the council’s ability to invest in local roads and the economy.”

Local Labour MSP Colin Smyth recently voted against the Scottish Government’s budget said, “These figures reveal show that the SNP Government in Edinburgh have taken Tory austerity and more than doubled it when it comes to cuts to our local council. Each year more and more cuts are passed on to councils because the Government know the council get the blame for the cuts. Until people wake up to the fact that the buck for the cuts rests with the Government rather than the local council, these cuts will continue until it is too late and we lose for good services so many local people rely on.”   

LOCAL MSP CRITICISES GOVERNMENT FAILURE TO PROTECT ACCESS TO CASH

South Scotland MSP Colin Smyth has criticised the UK Government for failing to do enough to protect communities against bank and cash machines closures, after research by consumer watchdog Which? warned that rapid changes that many Scots are at particular risk of having no access to cash.

 

ColinSmythMSP

 

Research by Which? found 339 Scottish bank branches had closed their doors since 2015, while 290 ATMs had been withdrawn in the past year.

Which? said the closure of cash machines, the majority of which were free to use, had hit Scotland harder than other parts of the UK because of its "many rural communities, combined with an already devastated bank branch network".

In Scotland, withdrawals from machines were down just 3.3% in 2017-18, compared with larger drops of 8.5% and 7.7% in London and the south east of England respectively.

Which? warned the UK risked "drifting into a cashless society that could shut people out of paying for local goods and services".

Labour are calling on the UK Government to introduce a statutory duty to protect access to cash.

Commenting Colin Smyth said, “What this report from Which? reveals is that when we have bank closures these are often followed by the loss of cash machines.

Given the huge number of bank branch closures, we have seen locally in recent years, some of our villages no longer have a bank at all. That means access to cash machines is becoming more and more difficult for many communities. Despite new methods to make payments like contactless, we still need access to cash at the very least as a back-up or to use in the many places that don’t have alternatives.

It’s clear UK Government have done nothing to protect against the closures of local bank branches and cash machines and we need more action from them. They should change the law to ensure that banks cannot close their branches where it is the last in a town or village without proper consultation and the final decision should be made by the independent Financial Conduct Authority. A legal duty should be placed on banks to provide a certain number of free cash machines in an area. Without such action cash machines will soon follow bank branches in moving out of our towns and villages”

Engagement with corporate leaders in North America.

First Minister Nicola Sturgeon has engaged business leaders and promoted Scottish firms abroad, while visiting Canada and the United States last week.

 

Scottish FM Nicola Sturgeon

 

With £6.1 billion of Scottish goods and services exported to North America in 2017, it is one of Scotland’s most important markets. There are also currently 550 US-owned enterprises in Scotland, employing more than 106,000 people, and 40 Canadian-owned firms employing nearly 4,000 people.

In New York, the First Minister visited Morgan Stanley’s Fusion Center to discuss collaborative projects at the firm’s centre of excellence in Scotland. The company employs 1,550 people in Scotland and is a key part of the country’s financial services industry.

The First Minister also addressed a Scotland is Now investor lunch, hosted by IBM, where around 50 leading business people heard about Scotland’s strengths and assets as an investment location and trading partner.

When in Washington D.C. the First Minister met representatives from Verdant Power and the technology firm Leidos. She also met Arne Sorenson, CEO of Marriott International, to discuss their further expansion of hotel operations in Scotland, and addressed the Global Women’s Innovation Network, who will be visiting Scotland later this year.

In Canada the First Minister hosted an 85 person event to launch the Scotland is Now campaign encouraging people to work, study, invest, visit and live in Scotland. As well as championing food and drink exports, she set out the potential of Scotland to the Toronto Stock Exchange, met representatives of the Toronto Region Board of Trade and toured MaRS Discovery District to share learning on how to further boost entrepreneurial and start up activity in Scotland.

The First Minister said:

“North America is one of Scotland’s most important trading partners around the world, with the US alone being our most valuable export market with an estimated £5.5 billion of exports in 2017.

“It’s been invaluable to have the opportunity to speak directly with representatives of many of the US and Canada’s leading businesses and sectors, making clear the many benefits Scotland has to offer as a business location.

“It has also been hugely important to meet existing investors and partners to discuss how we can work together through the challenges ahead.

“With Brexit continuing to pose the biggest threat to our economy, it is vital that we do all we can to promote Scotland as a great place to establish yourself and invest in, and show we remain very much open for business.”

Steve Dunlop, CEO Scottish Enterprise, said:

“The USA is Scotland’s top international export destination, and one in five investments originate in the US, making North America a crucial market for Scotland.

“With uncertainty around Brexit there has never been a more important time to strengthen links with vital international markets and visits like this allow us to do just that.”