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Fife proves it’s best place for business investment

Fife Council - News Release

FIFE’S success in attracting business investment has led to £2.5 million extra cash from the Scottish Government.

Fife Council has received more than double the amount of money given to any other local authority, because of the success of attracting companies to the Kingdom.

The additional income came through the Scottish Government’s Business Rates Incentivisation Scheme (BRIS).

Under BRIS, the Scottish Government sets a target for the level of business rates collected.

If a local authority meets their target, 50% of any additional money collected comes back to the council.

Depute Council Leader Councillor Lesley Laird, spokesperson for Economy and Planning welcomed the news: “It’s encouraging to hear that listening to the needs of businesses and working together with them to showcase what Fife has to offer them is continuing to pay off.
“The Council’s Invest in Fife team are working with colleagues across the Council and at Opportunities Fife to make it easy for companies - like Amazon and Diageo - to locate in the Kingdom.
Fife is now growing the level of business rates generated at a faster rate than any other council.
“Our focus is on making Fife the best place to
do business and we will continue to work with the business community to make that happen.”

Robin Presswood, Head of Service, Enterprise, Planning and Protective Services, said: “This news is really a testament to colleagues across the service who are working hard to attract large investment projects to Fife.

“Offering a one stop shop service to businesses and other initiatives including the introduction of the priority applications team planning is really paying off.

“We’re now going to use the feedback we’ll get from the ongoing consultation on vacant and derelict land across Fife to inform next steps and look at where this money could be targeted and re-invested to gain maximum benefit to the Fife economy.”

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