To ask the Minister of Finance how she will ensure that any proposed changes to non-domestic rates will protect and encourage the growth of small, local businesses in the current economic climate.

This rating year my Department is providing support to almost 30,000 businesses through the Small Business Rate Relief scheme which provides rate relief of up to 50%.

In addition, 2,459 businesses with a valuation under the Small Businesses Rate Relief threshold of £15,000 receive Industrial Derating, providing rate support of 70%.

In May I reintroduced the ‘Back in Business’ scheme to help and encourage new and expanding businesses by providing 50% rates support to new businesses in their vital first two years in business. I also reintroduced the Rural Automated Teller Machine exemption to assist cashflow for businesses in rural areas.

In terms of augmenting that work, following the recent rating consultation I will be bringing forward short, medium and long-term rating policy proposals for the Executive’s consideration. These proposals will include a more strategic longer-term policy approach.

I will also continue my engagement with business bodies, organisations and wider society to work together to build a progressive rates system which grows our tax base and stimulates our economy.