FABIANI WELCOMES SUPPORT FOR SMALL BUSINESS

Linda Fabiani MSP for East Kilbride has welcomed figures published by the Scottish Government showing record uptake of the Small Business Bonus Scheme. The number of businesses receiving support has risen steadily each year since its introduction in 2008, with over 85,000 small businesses – two in five commercial properties in Scotland – now saving up to £4,260 a year.

In early 2009 the Federation of Small Business in Scotland published a survey of SBBS recipients which found that, among other things, 1 in 8 recipients suggested that the rates relief was helping them stay in business during the recession, helping safeguard thousands of jobs.

Linda said “The Small Business Bonus Scheme has been one of the undoubted successes of the SNP Government and I am delighted that over 3,300 businesses in South Lanarkshire have benefited from the scheme that continues to go from strength to strength.

“The Scottish Government has made a huge effort to help small business during difficult times – not just through this scheme but also through making it much easier for SMEs to bid for public contracts – and simply underlines how much more we could do to help business if we had full economic powers and independence.

“Under the SNP, Scotland now has the most generous rates package of anywhere in the UK, and it is no coincidence that the latest figures show private sector employment in Scotland increasing by 55,000 over the year to the second quarter of 2011, and that the Scottish labour market in general continues to outperform that of the UK.

“These figures really are good news and I warmly welcome the commitment from the Cabinet Secretary for Finance during his conference speech that the Small Business Bonus Scheme would continue under the SNP.”

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