7th March 2016

SNP Support For Small Businesses “Paying Dividends”

Bruce Crawford

SNP MSP for Stirling Bruce Crawford has welcomed new figures from the independent Scottish Parliament Information Centre that highlight the success of the SNP’s strong support for small businesses. The figures show that between 2010-11 and 2015-16 the number of people employed by small and medium sized businesses (SMEs) in Scotland increased by 88,000 or 12 per cent.

The SNP government introduced the Small Business Bonus Scheme in 2008, which now benefits almost 100,000 businesses. Last year the Scottish Government also gave local authorities new flexibilities over business rates, allowing them to introduce new local rates relief schemes.

The First Minister also confirmed this week that we would consult local authorities on assigning a portion of income tax to them to incentivise them to support economic growth.

Commenting, SNP MSP Bruce Crawford said:

“These are welcome new figures which confirm strong support for businesses from the SNP government is paying dividends, creating jobs and boosting local economic growth.

“Spending on economic development in Scotland is more than double the UK average and almost 100,000 companies benefit from the Small Business Bonus Scheme – and we have committed to continuing the scheme throughout the next parliament.

“Yet just weeks before the Scottish election we still don’t know if Labour support key economic measures: do they support the Small Business Bonus, new powers for local rates relief or assigning Income Tax to local authorities to incentivise local growth?

“We remain absolutely committed to growing our economy, reducing inequality and building a fairer Scotland – Labour now need to come clean on whether they will support small businesses.”