New figures show growth in business support in Dumfries & Galloway, says SNP

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New figures have underlined the substantial growth in the number of small businesses in Dumfries and Galloway which have seen their rates bills abolished or substantially reduced.

The latest figures published by the Scottish Government show that the number of small businesses in Dumfries and Galloway receiving the Small Business Bonus has increased from 3,224 in 2008 to 4,628 in 2014.

Business in the region are benefitting from £4.4 million in support through the Small Business Bonus Scheme in 2014/15, as part of the £31.2 million that has been invested in Dumfries and Galloway through the scheme since it was introduced in 2008/09.

The Small Business Bonus Scheme has abolished rates bills for companies with a rateable value of up to £10,000 and has substantially reduced it for businesses with a rateable value of up to £18,000.

Commenting, SNP MSP Aileen McLeod said: “The SNP Government’s Small Business Bonus Scheme has been a critical part of efforts to secure economic recovery in Dumfries and Galloway.

“Small Businesses are the lifeblood of Scotland’s economy and an extremely important sector for the region’s economy, and abolishing or substantially reducing the rates bills they pay has helped keep many small companies in business during difficult years.

“To date £31.2 million has been invested in supporting 4,628 companies in Dumfries and Galloway – a substantial investment that has been of immeasurable benefit to the area.

“Scotland is the best place in the UK in which to do business and measures like the Small Business Bonus Scheme are a key part in ensuring it remains so.”