New rates re­forms to boost busi­nesses

Many small com­pa­nies will pay noth­ing at all

Paisley Daily Express - - Front Page - David Camp­bell

16.09.2017 Nurs­eries, small busi­nesses and the hos­pi­tal­ity sec­tor across Ren­frew­shire will ben­e­fit from re­forms to Scot­land’s business rates, say politi­cians.

The Scot­tish Govern­ment an­nounced it will in­tro­duce a new Business Growth Ac­cel­er­a­tor that will help re­duce bills for com­pa­nies.

The move comes on the back of the Bar­clay Re­view, which aimed to find ways of boost­ing business in Scot­land.

Fi­nance Sec­re­tary Derek Mackay says that new rules will mean all im­proved premises will be freed from in­creases in their bills for the first 12 months – and all new premises will not have to pay rates un­til they are oc­cu­pied, or for the first year af­ter­wards.

The MSP for Ren­frew­shire North and West also an­nounced that new day nurs­eries will re­ceive 100 per cent re­lief from rates.

He said: “The Bar­clay Re­view pre­sented us with the op­por­tu­nity to eval­u­ate how we han­dle business rates and im­prove meth­ods to make Scot­land the most com­pet­i­tive place in the UK for busi­nesses to in­vest and grow.

“I com­mit­ted to re­spond quickly and, three weeks af­ter re­ceiv­ing the re­port, I am de­lighted to­day to put our re­sponse into ac­tion.

“These new mea­sures will help stim­u­late the econ­omy and cre­ate jobs, which is key to read­dress­ing the in­equal­ity that still ex­ists in our so­ci­ety.”

Coun­cil­lor Kenny MacLaren wel­comed the an­nounce­ment, say­ing it will boost jobs and bring new life into Pais­ley town cen­tre.

The elected mem­ber for Pais­ley North­west said: “Set­ting the new day nurs­ery re­lief at 100 per cent will help to de­liver the ex­pan­sion of nurs­ery pro­vi­sion across Ren­frew­shire and Scot­land.

“The Business Growth Ac­cel­er­a­tor is very wel­come news, not just for new busi­nesses but also for our town cen­tres.

“This will see prop­er­ties that have lain empty for six months will now get 100 per cent re­lief from business rates once a new business oc­cu­pies these premises.

“New- build prop­er­ties will be free from rates un­til they are oc­cu­pied and then the new ten­ants will get a year free of business rates.

“These moves will help to bring empty prop­er­ties in town cen­tres back into pro­duc­tive use.”

Stim­u­lat­ing econ­omy Derek Mackay

Wel­come news Kenny MacLaren

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