MSP HAILS GOVERNMENT’S SMALL BUSINESS BONUS SCHEME AND ENTREPRENEURIAL SPIRIT IN SCOTLAND AS NUMBER OF SMEs JUMP

John Wilson MSP has hailed the Small Business Bonus Scheme, which cuts business rates for enterprises, as new figures that show a rise in the number of small and medium size businesses in Scotland in the past year.

 

The Scottish Government’s official figures just released show a total of 307,770 private sector enterprises in Scotland in March 2011 – a 3.3 per cent increase in businesses in just a year.

 

The vast majority of these firms are small and medium sized enterprises (SMEs) which also increased in Scotland by 3.3 per cent to 305,540 in March 2011. 

 

SMEs represent 99.3 per cent of enterprises and accounted for 53.6 per cent of employment and 36.5 per cent of turnover.

 

John Wilson, Deputy Convener of the Energy, Economy and Tourism Committee and MSP for Central Scotland, said:

 

“These figures represent the strength and depth of the entrepreneurial spirit in Scotland and are testament to the economic climate where the Scottish Government has safeguarded opportunities for all, in the face of UK government cuts.

 

“The Small Business Bonus Scheme is just one way we are delivering to the needs and aspirations of the hard working people running small and medium sized businesses in the Scotland.

 

“Despite the UK economy continuing to flounder, in Scotland the Scottish Government is bucking the trend and continuing to build a more prosperous nation.”

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