Record-breaking year Small Business Bonus Scheme

Small businesses across Scotland have benefitted from over £400m of rates relief since the SNP launched its flagship Small Business Bonus Scheme, new figures show.

The figures, revealed today in a Parliamentary Answer, also show that 2011/12 was a record-breaking year for the SBBS, with local authorities across Scotland benefitting from over £130m in rates relief.

Mark McDonald, SNP MSP and member of Finance Committee, said the new figures - which outline an increase in the SBBS awards in local authorities across Scotland – are testament to the huge importance that the SNP Government has placed on helping small businesses during tough economic times.

He said:

"These figures show how much of a difference the SNP Government has made to over 80,000 small businesses across Scotland in difficult financial times.

"Anyone speaking to small businesses will know what a fragile environment they operate in. A Federation of Small Business survey from 2009 - conducted during the teeth of the recession - suggested that the SBBS was helping one in eight recipients stay solvent.

"Just this week we have seen that the UK has technically re-entered recession - although we don't know yet whether this is the case in Scotland, there is no doubt that we still must do all we can to support local economies across Scotland.

"That's why I'm delighted that SNP Councils have pledged to work with the Scottish Government to protect the Small Business Bonus for the lifetime of this Parliament."

NOTES

See PQ answer attached for local breakdown of financial benefit.

The FSB survey showing 13.6% of recipients were being helped stay afloat by the SBBS can be found here http://www.fsb.org.uk/News.aspx?loc=scotland&rec=5220

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