Inverclyde Businesses Benefit from £55m in Rates Relief Over 7 Years

SCOTTISH GOVERNMENT SCHEME SUPPORTS 1,226 BUSINESSES ACROSS INVERCLYDE

New figures show that the Scottish Government’s business rate relief scheme saved businesses in Inverclyde £55 million between 2009-10 and 2016-17.

Across Scotland, this scheme has saved taxpayers around £4.5 billion between 2009-10 and 2015-16 by reducing their rates liability and taking many firms out of business rates altogether.

And across Inverclyde, the latest figures show that 1,226 local firms benefitted from this flagship Scottish Government policy in 2016. This figure does not, however, include premises that qualified for the new 100% reliefs introduced, including Day Nursery Relief and the Business Growth Accelerator.

Commenting, local SNP MSP Stuart McMillan said:

“The SNP is delivering the most competitive business rates relief package in the whole of the UK, saving businesses in Greenock & Inverclyde around £55 million over the last seven years. The Scottish Government will also spend an estimated record £720 million on rates relief across Scotland in this year alone.

“Since coming to office, the SNP Scottish Government has taken strong action to support business growth and jobs in Inverclyde, helping to keep money in our neighbourhoods and boost our high streets.

“Only the SNP are taking the necessary action to help our local firms – and it is great to see over 1200 firms benefitting from rates relief in 2016, a figure that will likely rise with the new measures introduced in this year’s budget.”

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