Businesses winning with bonus scheme

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LOCAL MSP Adam Ingram has welcomed statistics showing 58 per cent of small businesses in South Ayrshire are benefiting from the Scottish Government’s Small Business Bonus scheme.

In a written parliamentary answer, Finance Secretary John Swinney confirmed over half of non-domestic properties in Scotland are in receipt of rates relief.

Mr Ingram commented: “Scotland’s small businesses play a vital role in our economy and are at the heart of our communities.

“So it is extremely encouraging to see that, in South Ayrshire, we are bucking the trend with 58 per cent of our small businesses benefiting from reduced or zero business rates. This scheme is helping to create a fairer Scottish business rates system and giving a boost to small companies in the face of economic pressures.

“Only this week, Energy Minister Fergus Ewing announced the small business loans scheme, giving £2.5million in funding to help companies install renewables technologies.

“These policies are making a huge difference to small businesses – but I would encourage even more to apply.

“Successful small businesses are the lifeblood of our economy, create local jobs and are a fundamental source of entrepreneurship.”