More support for businesses in Angus

Graeme Dey MSP

Graeme Dey MSP

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New figures have underlined the substantial growth in the number of small businesses in Angus that have seen their rates bills abolished or substantially reduced.

The latest figures published by the Scottish Government show that the number of small businesses in the county receiving the Small Business Bonus has increased from 1,854 in 2008 to 2,361 in 2014.

Businesses in Angus are benefiting from £3.7 million in support through the Small Business Bonus Scheme in 2014/15, as part of the £20.1 million that has been invested in the region 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 Graeme Dey said: “The SNP Government’s Small Business Bonus Scheme has been a critical part of efforts to secure economic recovery in Angus.

“Small Businesses are the lifeblood of Scotland’s economy and abolishing or substantially reducing the rates bills they pay has helped keep many small companies in business during difficult years.

“To date £20.1 million has been invested in supporting 2,361 companies in the county– a substantial investment that has been of immeasurable benefit to the 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.”