Attn: Local news desks
For immediate release: Tuesday 21 February 2017
SALMOND HAILS "FIRST CLASS INITIATIVE" OF THE SCOTTISH GOVERNMENT'S BUSINESS RATES RELIEF
NORTH-EAST BOOST RECOGNISES DOWNTURN CHALLENGES
SNP MP for Gordon, Alex Salmond MP has backed the Scottish Government’s proposals on business rates, after Finance Secretary Derek Mackay announced a wide-ranging relief scheme that will offer strong support to businesses across Aberdeen City and Shire.
Overall, the complete package of Scottish Government relief will ensure that 60% of Aberdeenshire businesses will see either no change or a decrease in their business rates bill – with more businesses being entitled to support through the small business bonus scheme. The Scottish Government had already taken action to reduce the rates poundage to help businesses who have seen a revaluation.
The relief proposals will also provide support to offices, hotels, restaurants, pubs and cafés in Aberdeen City and Shire who will see any business rates increase capped at 12.5%.
Commenting on Derek Mackay's announcement on rates relief, Mr Salmond said:
"A first class initiative from Derek Mackay, which shows an imaginative response to a difficult rates situation.
"He has both responded to real concern and helped the hospitality sector across the country and addressed the specific difficulties in the North East of Scotland. This additional help will be welcomed by all those with the interest of Scottish business and jobs at heart. It is a very positive move from the Scottish Government.
"As far as the ludicrous position of the Tories, they opposed business help from SNP-led Aberdeenshire Council, they have attacked this new help from the Scottish Government and the Westminster Government is caught like a rabbit in the headlights in face of the revaluation south of the border. They have been left without a shred of credibility"
Local breakdown on proportion of businesses to see a decrease/no change in bills:
What this means for properties in different parts of the country
The following table shows the number of rateable properties who will either see a (cash terms) reduction in their bill or see no change in their bill as a result of the Business Rates revaluation. This modelling is known to underestimate these properties because it does not take account of all the support through relief schemes provided by the Scottish Government and by Local Authorities in Scotland.