Local Government Minister Derek Mackay has announced a new business rates relief of up to 100%, which will help developers and encourage the supply of new build business premises.
This new relief will help new empty properties built in Scotland from 1 April. The scheme aims to encourage speculative development and investment and increase supply of new premises for businesses by providing rates relief to owners/developers of new build empty properties for up to 18 months. The relief will run for three years.
More details on the initiative will be announced shortly.