Scotland to get £780m coronavirus funding

The UK Treasury announced on Monday afternoon that the UK’s devolved governments will receive at least £1.5 billion “to make sure they have the resources they need to support people and businesses through COVID-19.”

“This will mean they can increase funding for the NHS and provide grants to businesses,” said the Treasury.

The Scottish Government will receive £780 million, the Welsh Government £475 million and the Northern Ireland Executive £260 million – worked out through the Barnett formula.

UK finance minister Rishi Sunak said: “We will do what is right to help businesses and individuals in every part of the UK.

“That is why we announced a special funding package at the Budget last week to support those affected by COVID19.

“Today I am confirming this additional funding that will ensure the devolved administrations can support vulnerable people, businesses and vital public services, including the NHS, in Scotland, Wales and Northern Ireland.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.