Rates Relief Saves North Ayrshire Businesses £94 Million

9 May 2018

 

 

The SNP Government’s non-domestic (business) rate relief has saved North Ayrshire businesses £94 million in the seven years from 2009/10 to 2015/16.

 

In North Ayrshire, 2,917 properties paid no business rates at all over 2015/16 for example, because they were in in receipt of 100% rates relief.

 

This figure excludes premises that may have qualified for new 100% reliefs introduced this year, including Day Nursery Relief and the Business Growth Accelerator.

 

The SNP Government offers the most competitive business rates relief package in the UK worth an estimated record £720 million across Scotland in 2018/19.

 

As of 01 April 2018 over 251,000 properties were on the valuation roll, which means the package delivers an average saving of around £2,860 per property this year alone. However, as not all properties receive relief, the average saving for those properties that are in receipt of relief will be considerably higher than £2,860.

 

Kenneth Gibson MSP, who elicited the figures from parliamentary questions, commented:

 

It is great to see 2,917 businesses across North Ayrshire benefitting from rates relief in 2016, a figure that will rise with the new measures introduced in this year’s budget.

 

I am pleased that the number of properties receiving rates relief through the SNP’s Small Business Bonus Scheme has increased by over 60% from 64,179 in 2008/09 to 103,701 in 2017/18. Likely reasons for this increase include expansion of the scheme and greater awareness of it

 

Since coming to office, the SNP Government has taken strong action to support business growth and jobs in North Ayrshire and we will continue to do so.

 

To find out whether your property is eligible and to apply, please visit:

 

https://www.north-ayrshire.gov.uk/business/business-rates/business-rates-relief.aspx

 

ENDS
 

Please reload