Date lodged: 22 June 2016
To ask the Scottish Government what analysis it has carried out of the economic impact of the small business bonus scheme, including whether the scheme has provided small businesses in Scotland with any competitive advantage over their counterparts in the rest of the UK.
Answered by: Derek Mackay 20 July 2016
Audited and projected estimated figures of the cost of the small business bonus scheme from 2008-09 to 2016-17 are shown in the following table. Estimates for future years are subject to final decisions and the impact of the 2017 revaluation and cannot be accurately provided.
Small Business Bonus - Costs and Forecasts - 2008-09 to 2020-21
SBBS Cost (£m)
1. Figures to 2014-15 are final Audited amounts
2. Figure for 2015-16 is a Mid-Year Estimate and subject to change
3. Figure for 2016-17 is Provisional Contributable amount and subject to change
The small business bonus scheme provides a competitive advantage for Scottish businesses worth up to £3,227 in 2016-17 compared to English competitors trading from equivalent premises.
Further to this, the government have made a commitment in the latest manifesto to extend the small business bonus scheme, so 100,000 of our small businesses will be removed from business rates completely.