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Scottish government extends business rates relief
Investors - FEBRUARY 17, 2021

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Scottish government extends business rates relief

by Released

The Scottish government has announced a relief extension plan.

Retail, hospitality, leisure and aviation businesses will pay no rates during 2021–2022.

It is one of a series of measures proposed by Finance Secretary Kate Forbes following confirmation of a further £1.1 billion (€1.3 billion/$1.5 billion) of consequential funding arising from U.K. government coronavirus (COVID-19) spending.

The move builds on the three-month rates relief extension announced in the Scottish budget and will be taken forward provided the Scottish government receives the funding already assumed from the U.K. budget on March 3, and that requisite funds are available to maintain existing support into 2021–2022.

Other extra spending in 2021–2022 includes:

£120 million (€138 million/$166 million) for mental health £120 million (€138 million/$166 million) for affordable housing £100 million (€115 million/$138 million) to support peopl
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