SNP Support for Small Businesses "Paying Dividends"
The SNP government introduced the Small Business Bonus Scheme in 2008, which now benefits almost 100,000 businesses. Last year the Scottish Government also gave local authorities new flexibilities over business rates, allowing them to introduce new local rates relief schemes.
The First Minister also confirmed this week that we would consult local authorities on assigning a portion of income tax to them to incentivise them to support economic growth.
Commenting, SNP MSP Mark McDonald said:
“These are welcome new figures which confirm strong support for businesses from the SNP government is paying dividends, creating jobs and boosting local economic growth.
“Spending on economic development in Scotland is more than double the UK average and almost 100,000 companies benefit from the Small Business Bonus Scheme – and we have committed to continuing the scheme throughout the next parliament.
“Yet just weeks before the Scottish election we still don’t know if Labour support key economic measures: do they support the Small Business Bonus, new powers for local rates relief or assigning Income Tax to local authorities to incentivise local growth?
“We remain absolutely committed to growing our economy, reducing inequality and building a fairer Scotland – Labour now need to come clean on whether they will support small businesses.”
SPICe analysis shows that in 2013-14 spending in Scotland on supporting businesses and the economy was £196.90 per head compared to £82.30 in the UK as a whole. Almost 80% of this spending in Scotland came from the Scottish Government and its agencies.