Small Businesses in Fife Scoop Record Rates Relief

Small businesses in Fife have benefitted from more than £26m in rates relief since the launch of the Scottish Government’s Small Business Bonus Scheme (SBBS) in 2008 — more than any of the 33 Scottish local authority areas outside Glasgow, Highland and the City of Edinburgh.

Moreover, in the latest figures for 2011-12, Fife scooped nearly double the assistance as it did in 2008-9.

MSP for Dunfermline Bill Walker said:

“This news is very welcome. It’s vitally important to help small businesses in these difficult times. They have it tough enough at the best of times, but many are presently relying on this assistance to stay afloat.

“Now that the three main unionist parties have led us into a double-dip recession, I hope this assistance from the Scottish Government can be extended. Slightly larger businesses that employ extra people are currently suffering greatly from delays in the rates revaluation of their properties, and I very much look forward to more assistance for them.”

Across Scotland, small businesses have benefitted from over £400m in rates relief since 2008, while a survey during the 2009 recession by the Federation of Small Businesses suggested the SBBS was keeping around one in eight recipients solvent.

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