Local businesses bebfiting from rates scheme

07 May 2011..Graeme Dey MSP Angus South/SNP pictured in the garden lobby during the MSP registration session. Pic - Andrew Cowan/Scottish Parliament

07 May 2011..Graeme Dey MSP Angus South/SNP pictured in the garden lobby during the MSP registration session. Pic - Andrew Cowan/Scottish Parliament

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Local MSP Graeme Dey has welcomed figures showing the number of small Angus businesses whose rates have been either abolished or reduced substantially.

The latest figures published by the Scottish Government show that the number of small businesses in the county receiving the Government’s Small Business Bonus has increased from 1,854 in 2008 to 2,361 in 2014.

Businesses in Angus are benefiting from £3.7 million in support as part of the £20.1 million that has been invested in the region through the scheme since it was introduced in 2008/09.

It has abolished rates bills for companies with a rateable value of up to £10,000 and has substantially reduced it for businesses with a rateable value of up to £18,000.

Mr Dey said: “The SNP Government’s Small Business Bonus Scheme has been a critical part of efforts to secure economic recovery in Angus.

“Small Businesses are the lifeblood of Scotland’s economy and abolishing or substantially reducing the rates bills they pay has helped keep many small companies in business during difficult years.

“Scotland is the best place in the UK in which to do business and measures like the Small Business Bonus Scheme are a key part in ensuring it remains so.”