Ahead of next week’s Scottish Budget, the SPF is calling for the government to incentivise the retrofit of existing commercial buildings and promote property improvements to support zero carbon heat in Scotland. Similar measures were implemented in England following the UK Chancellor’s Autumn Budget.

In addition, the SPF has highlighted the difficulties faced by businesses of all sizes that continue to struggle in the face of the ongoing pandemic, yet have not been supported through the rates relief provided for other companies. As the pandemic drags into a potential third year, it will be vital for a broader economic support package that will aid businesses to protect employment and rejuvenate our high streets and town centres.

Kevin Robertson, chair of the Scottish Property Federation, said: “Against the backdrop of the pandemic’s enduring impact on the economy, the Finance Secretary has an opportunity next Thursday to use her powers to help to protect businesses, promote investment in our high streets and ensure that our buildings are prepared for a net-zero Scotland. It is vital this opportunity is not lost.

“We have a counterintuitive business rates system in Scotland that can penalise property owners for improving the sustainability of their buildings and this must be addressed. While more stringent energy efficiency regulations are coming down the track for new buildings, we cannot forget about our existing stock and the need to end its contribution to climate change.

“With the unwelcome discovery of the Omicron variant of COVID-19 threatening to slow the reopening of our town and city centre economies, we have supported the wider business community calls for rates relief for the retail, hospitality and leisure sectors. But we need further action from the Scottish Government to help those businesses that have not been directly supported over the past two years.”