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. .
Enterprise Areas relief, which had been due to expire on 31 March 2024, will now be phased out over 2024-25 and 2025-26 as set out in the table below.
Thresholds and relief levels:
| Rateable Value | Relief Available | ||
|---|---|---|---|
| 2023-24 | 2024-25 | 2025-26 | |
| £120,000 or less | 100% | 66.7% | 33.3% |
| Over £120,000 and up to £240,000 | 50% | 33.3% | 16.7% |
| Over £240,000 and up to £480,000 | 25% | 16.7% | 8.3% |
| Over £480,000 and up to £1,200,000 | 10% | 6.7% | 3.3% |
| Over £1,200,000 and up to £2,400,000 | 5% | 3.3% | 1.7% |
| Over £2,400,000 | 2.5% | 1.7% | 0.8% |
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 Enterprise Area Appn Form2023 (Word doc, 47 KB).
Subsidy Control
This relief is likely to be considered a subsidy under the Subsidy Control Act 2022 ("the Act") and is listed in the Non-Domestic Rates (Restriction of Relief) (Scotland) Regulations 2023. Public authorities need to consider whether this relief is awarded as Minimal Financial Assistance (MFA), or whether it meets the other subsidy control requirements of the Act. Consequently the application form includes a request for such information as may be required to assist with the determination of any relief award.
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