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Companies Gaining From Business Bonus Scheme

Published date : 04 Nov 2017
 

COMPANIES GAINING FROM BUSINESS BONUS

SCOTTISH GOVERNMENT SCHEME SUPPORTS THOUSANDS OF BUSINESSES WITH RATES RELIEF

The Scottish Government’s Small Business Bonus scheme has helped to support 1,909 of businesses in East Ayrshire this year and 2,385 businesses in South Ayrshire this year – with the new figures proving once again the SNP Scottish Government’s commitment to local jobs and communities, SNP MSP for Carrick, Cumnock and Doon Valley, Jeane Freeman has said.

Across Scotland, the Small Business Bonus Scheme, brought about by the SNP Government in 2008/09, paid out over £226 million in 2017-18, supporting over 103,000 local firms by reducing their rates liability and taking some firms out of business rates altogether.

In East Ayrshire, the number of firms benefitting from this flagship Scottish Government policy has increased from 1,127 in 2008 to 1,909 in 2017/18, with £4.4 million being spent across East Ayrshire to support local businesses this year.

In South Ayrshire  the number of firms benefitting from this Scottish Government policy has grown from 1,625 in 2008 to 2,385 in 2017/18, with £5.2 million being spent across South Ayrshire this year.

Local MSP Jeane Freeman said:

“I’m delighted that so many of our businesses are being helped with direct, practical support from the Scottish Government that is good for business, good for jobs and good for communities, keeping more money in our neighbourhoods and boosting our high streets.

“Over the last decade, the Scottish Government has taken strong action to support local businesses, while other parties have carped from the side-lines and chased cheap headlines rather than actually doing anything to support local jobs.

“It is the SNP that has delivered over £226 million of rates relief across Scotland in 2017/18 –over £4.4 million in East Ayrshire  and £5.2 million in South Ayrshire.

“Only the SNP are taking the necessary action to help our local firms – and it is great to see these firms benefitting from this in the last year.”

ENDS

Tax, Economy
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