Login

Colliers warns of limited impact of Scotland's £320m Covid-19 support package

Support package highlights flaws in business rates system
Louise Daly, associate director and head of rating at Colliers International in Scotland
Louise Daly, associate director and head of rating at Colliers International in Scotland
By Sharon Smyth
CoStar News
March 17, 2020 | 12:43 P.M.

Colliers International believes the Scottish Government's £320m package of support for businesses, to help them deal with the impact of coronavirus, will have a limited impact and amounts to little more than 'tinkering' with the system.The real estate services provider warned the package, which included different forms of rate relief, will have limited impact if a property is over a certain value, is in an affected sector without targeted reliefs applied or faces longer-term issues, as the new measures currently only apply for one financial year.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

News | Colliers warns of limited impact of Scotland's £320m Covid-19 support package