{"id":2153,"date":"2016-10-28T11:46:09","date_gmt":"2016-10-28T10:46:09","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=2153"},"modified":"2018-03-09T10:56:44","modified_gmt":"2018-03-09T10:56:44","slug":"small-business-bonus-scheme","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2016\/10\/28\/small-business-bonus-scheme\/","title":{"rendered":"Small Business Bonus Scheme"},"content":{"rendered":"<p>Scotland\u2019s small and medium\u00a0businesses are fundamental drivers in securing sustainable economic growth, which is why we are doing everything we can to support them by continuing our\u00a0promise for Scotland to be the\u00a0best place to\u00a0do business\u00a0in the UK.<\/p>\n<p>The Small Business Bonus Scheme can eliminate or substantially reduce the tax paid as business rates (also\u00a0known as non-domestic rates)\u00a0for eligible small businesses located in Scotland.<\/p>\n<p>The latest figures show that over 100,000 businesses across Scotland have now saved over \u00a31 billion thanks to the scheme.<\/p>\n<p>Cabinet Secretary for Finance and the Constitution Derek Mackay said:<\/p>\n<blockquote><p>&#8220;The Small Business Bonus Scheme continues to provide significant support year after year \u2013 and in total has already saved Scottish businesses well over \u00a31 billion.<\/p>\n<p>\u201cThis year a record number of businesses across Scotland, over 100,000, saw their rates reduced or removed entirely under the scheme, forming an important part of our promise for Scotland to be the best place to do business anywhere in the UK. We have committed to expand the Small Business Bonus from 2017 so that it lifts 100,000 properties out of rates altogether, and I will bring forward legislation to achieve that.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Scotland\u2019s small and medium\u00a0businesses are fundamental drivers in securing sustainable economic growth, which is why we are doing everything we can to support them by continuing our\u00a0promise for Scotland to be the\u00a0best place to\u00a0do business\u00a0in the UK. The Small Business Bonus Scheme can eliminate or substantially reduce the tax paid as business rates (also\u00a0known as&#8230;<\/p>\n","protected":false},"author":81,"featured_media":2156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Small Business Bonus Scheme - Scotland&#039;s Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2016\/10\/28\/small-business-bonus-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Business Bonus Scheme - Scotland&#039;s Economy\" \/>\n<meta property=\"og:description\" content=\"Scotland\u2019s small and medium\u00a0businesses are fundamental drivers in securing sustainable economic growth, which is why we are doing everything we can to support them by continuing our\u00a0promise for Scotland to be the\u00a0best place to\u00a0do business\u00a0in the UK. 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