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RATES CAP SAVES DUNDEE BUSINESSES £700,000
13 Mar 2019
New figures released by the Scottish Government estimate that businesses across Dundee will save £700,000 thanks to an SNP policy to protect small businesses.
The Scottish Government’s decision to cap increases in poundage rates to below inflation will result in lower business rates for firms across Scotland.
The move will save businesses in Scotland a total of £35.2 million - leaving 90% of businesses facing a lower poundage than in England.
MSP for Dundee City East, Shona Robison, has said small businesses in the local area will also benefit from a host of targeted rates relief measures worth more than £750 million.
Announced by SNP Finance Secretary Derek Mackay in his 2019/20 budget, businesses across Scotland will continue to benefit from the Small Business Bonus, ensuring that 100,000 businesses pay no rates whatsoever.
Commenting, Shona Robison MSP said:
“It’s great news that businesses across Dundee will save £700,000 thanks to the SNP’s latest measure to protect small businesses.
“Despite the economic uncertainty of Brexit, the Scottish Government has delivered a package of new initiatives that deliver for Scotland’s economy while safeguarding the future for small businesses.
“The Scottish Government continuing to support Dundee through the Tay Cities Region Deal, and £735,000 on its way to Dundee as part of the new Town Centre Fund, this policy is just one of many that ensures Dundee is a great best place to do businesses and invest.”