MACDONALD WELCOMES NEW FIGURES SHOWING GROWTH IN BUSINESS SUPPORT IN FALKIRK DISTRICT
Tuesday, 04 November 2014 10:59
New figures have underlined the substantial growth in the number of small businesses in Falkirk district who have seen their rates bills abolished or substantially reduced thanks to the SNP Government.
The latest figures published by the Scottish Government show that the number of small businesses in the Falkirk Council area receiving the Small Business Bonus has increased from 1365 in 2008 to 2091 in 2014.
Businesses in Falkirk district are benefitting from £3.9 million in support through the Small Business Bonus Scheme in 2014/15, as part of the £20.7 million that has been invested in Falkirk Council through the scheme since it was introduced in 2008/09.
The Small Business Bonus Scheme 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.
Commenting, SNP MSP for Falkirk East Angus MacDonald said:
“The SNP Government’s Small Business Bonus Scheme has been a critical part of efforts to secure economic recovery in Falkirk district.
“Small Businesses are the lifeblood of Scotland’s economy and by abolishing or substantially reducing the rates bills the payment has helped keep many small companies in business during difficult years.
“To date £20.7 million has been invested in supporting 2091 Falkirk district companies – a substantial investment that has been of immeasurable benefit the length and breadth of the Falkirk Council area.”
“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.”