Derek Mackay MSP works to protect scheme providing £7 million for Renfrewshire businesses

Derek Mackay MSP is working to protect a Scottish Government scheme which is benefiting almost 2,700 small businesses across Renfrewshire to the tune of £7 million.

Derek Mackay MSP works to protect Scottish Government scheme providing £7 million support for Renfrewshire businesses
Derek Mackay MSP works to protect Scottish Government scheme providing £7 million support for Renfrewshire businesses.

The MSP for Renfrewshire North and West is seeking to persuade Conservative, Labour and Scottish Green parliamentarians to reverse their support for Non-Domestic Rates Bill amendments that would remove the Scottish Government’s ability to set business rates poundage and automatically end Scotland-wide business rates reliefs such as the Small Business Bonus Scheme.

Derek Mackay MSP, who is also Scotland’s Finance Secretary, said: “Almost 2,700 businesses across Renfrewshire benefit from the Scottish Government’s Small Business Bonus Scheme and this vital support would disappear under the proposals currently being forced through by opposition parties.

“A majority of Scottish businesses benefit from the lowest poundage anywhere in the UK and incentives that only exist in Scotland.

“With companies in Renfrewshire receiving support amounting to £7 million through the Small Business Bonus Scheme and opposition parties seeking to dismantle this popular and very effective national relief system, it is clear that the SNP is the only party standing up for business locally and across Scotland.

“As we move towards the final stage of the bill, I urge Tory, Labour and Scottish Green MSP to waken up to the severity of the risks facing businesses trying to prepare for the complexities and uncertainties of Brexit and reverse their support for this disastrous move which would require small firms to also come to terms with unpredictable, inconsistent rates across the country and potentially threaten jobs.”

The Stage 3 debate on the Non-Domestic Rates (Scotland) Bill is expected to take place in the Scottish Parliament in the early weeks of 2020.

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