Supporting Local Businesses

Earlier this month, I hosted a business breakfast in Cupar, bringing together local business owners to share the challenges they are facing. From family-run shops and cafés to service providers and professionals, the room was full of people who are the backbone of our local economy.

The discussion was wide-ranging, constructive and deeply grounded in the reality of running a business in a relatively rural patch. One of the clearest themes was the ongoing challenge of keeping our town centres accessible. In Cupar, parking availability and ongoing roadworks have been affecting footfall. While we can all appreciate that essential maintenance works are necessary, utility companies need to think about the wider impact - there’s no denying the disruption it brings to local trade.

Businesses also expressed frustration at the pace of local planning decisions, with concerns that outdated frameworks and slow responses are holding back growth. I know that issues with planning decisions are having an impact around Scotland, and I’ll be speaking with my MSP colleagues to discuss how we can tackle this.

Many businesses shared that they are struggling with high rents or unsuitable premises, especially when older or listed buildings require costly upkeep. This is something I will be raising and I’ll be looking at mechanisms to ensure fair and responsible commercial letting.

High property costs are then compounded by ongoing and sustained price rises. Energy bills, food prices, and business rates are all adding to the pressure. Some businesses have struggled to access green energy grants or loans, as upfront costs can be prohibitive. And with interest rates still at a 30-year high, investment is harder to justify, especially as uncertainty looms over the next UK Budget.

Access to banking services continues to be a concern for businesses, as I know it is for many customers. While local Post Offices were praised for their helpfulness, businesses, and I know many others across North East Fife, remain frustrated by the loss of local branches. Meanwhile banks are continuing to step back from the high street. Businesses and consumers still want and need these services and I will continue to press for a banking hub in North East Fife to ensure easy access to cash and services for all.

I’ll be following up on all of the issues raised and looking for the best ways to offer support to our local businesses. Our small businesses are at the heart of community life, and it’s vital that every level of government listens, acts, and helps them thrive.