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Business districts to be established in Scotland

March 19th, 2006 · Post your comment (No Comments)

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The first US-style business districts are to be established in six areas of Scotland, it has been announced.

Glasgow, Edinburgh, Inverness, Falkirk, Bathgate and Clackmannanshire will get business improvement districts (Bids).

Private firms will pay a slightly higher business rate and vote on which projects extra funds are used for.

Each pilot area will get up to £50,000 to develop its Bid, with a further £200,000 Scottish Executive funding available later for successful schemes.

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