Scottish Rates Announcement
The Scottish Government has today announced a 12.5% limit on business rates increases for hydro schemes up to 1MW for a period of 12 months until March 31 2018. Commenting on the announcement Simon Hamlyn, chief executive of the British Hydropower Association said:
“Along with other renewables associations, we have been engaging with the Scottish Government for some time and we are pleased they recognise the impact the rates revaluation, as originally proposed, would have on the Scottish hydro sector.
The new limit helps address the very real concerns of small hydro scheme owners, but there is still a question mark on how relief will apply to larger schemes, or those which have not yet had a rateable value set.
We still believe the rateable value system is not fit for purpose for hydro, and look forward to meeting with government officials, to understand these proposals in greater detail, and work constructively with them and the assessors to find a long-term solution for the whole industry – which supports a significant number of local jobs across Scotland, many of which are in rural communities.”
Simon Hamlyn 07788 278422 email@example.com