Rent and rates support for business start-ups

09 Nov 2012

Start-up businesses will get their rent and rates paid for up to four years in a bid to kick-start Glasgow's economy.

Councillor and Leader of Glasgow City Council, Gordon Matheson announced the free rents scheme as part of a blueprint for pulling Glasgow out of recession. The Labour councillor wants to see small firms find the space they need to flourish.

Speaking at the 15th annual City Economy Conference at the Radisson Blu Hotel, he said: "I have a responsibility to ensure that, as a city, we are best placed to respond to the opportunities that arise, not only today, but in the future. The decisions we take today will determine what Glasgow looks like in 10 or 15 years.

He said: "Small businesses tell me that they are struggling to access affordable business premises, and that the cost of rent stops people from starting their own companies.

"We have listened to these concerns and we will act.

"Today, I am delighted to announce the establishment of the Glasgow New Business Fund. This will allow new-starts to get financial support from the council which will see us pay all, or part, of their rent and rates for up to four years."

The fund will be worth £1.5million a year - a relatively small sum.

Source: Evening Times: Council plans to pay rent