Monday, 02 November 2021 09:22

Record numbers using Small Business Bonus

Minister for Business, Energy & Tourism, Fergus Ewing

A record number of small business properties are now using the Scottish Government’s Small Business Bonus Scheme.

New figures show that the business rates for 99,559 properties across the country have been reduced or removed by the scheme, representing an increase of more than 3,000 since last year.

The money saved by small businesses through the SBBS has more than doubled over the last eight years, rising from £68million in 2008/09 – the year it was introduced – to £174million in 2015/16.

Minister for Business, Energy & Tourism, Fergus Ewing, said: “Scotland’s small businesses are fundamental drivers in securing sustainable economic growth, which is why we are doing everything we can to support them by continuing to deliver the most competitive business tax environment in the UK.

“Since we introduced the Small Business Bonus Scheme in 2008, the amount of money being saved by businesses across Scotland has more than doubled. Because of this competitive advantage, businesses in Scotland can save up to £3,200 more under the Scheme this year than equivalent businesses in England under arrangements there.”

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