Enterprise area relief scheme
Rates relief may be available to new businesses locating to premises within the Prestwick International Enterprise Area, and who are concerned with the:
- Manufacture of aircraft or spacecraft or related machinery
- Repair or maintenance of aircraft or spacecraft or related machinery
- Manufacture of aircraft parts or components
- Repair or maintenance of aircraft parts or components
- Distribution of aircraft parts or components
- Design or development of aircraft, aero-engines or aircraft components
- Certification of aircraft, aero-engines or aircraft components
- Manufacture of aircraft, aero-engines or aircraft components
- Manufacture of electronic systems used on aircraft, spacecraft or related machinery
- Repair or maintenance of electronic systems used on aircraft, spacecraft or related machinery
- Design or development of electronic systems used on aircraft, spacecraft or related machinery
- Design or development of aerospace-related software
- Provision of aerospace-related logistics services
- Research and development into aerospace-related materials or aero structures
- Design or development of aerospace-related design systems or manufacturing systems
- Manufacture of aerospace-related design systems or manufacturing systems
- Other aerospace or aviation-related equipment development, manufacture or maintenance activities
Only new build properties or properties which have been vacant for at least a three month period prior to occupation by a qualifying business, and are occupied for the sole or main purpose of the qualifying activity since 1 April 2012, are eligible for this relief. .
Thresholds and relief levels:
Rateable Value | Rates Relief |
---|---|
£120,000 or less | 100% |
Over £120,000 and up to £240,000 | 50% |
Over £240,000 and up to £480,000 | 25% |
Over £480,000 and up to £1,200,000 | 10% |
Over £1,200,000 and up to £2,400,000 | 5% |
Over £2,400,000 | 2.5% |
Further information relating to the Prestwick and other Enterprise Areas, can be obtained at the following website: http://www.scotland.gov.uk/Topics/Economy/EconomicStrategy/Enterprise-Areas.
As this relief is available by application only, download and complete an ndr_enterpriseareaappnform (Word doc) [79KB] .