Our Island, Our Future

Additional support for business

 

Scottish Government announcement  

Published: 15 Apr 2020 06:00 

Second phase of funding to protect against the effects of COVID-19

Around £220 million of further grants are being made available for businesses – including the recently self-employed – to help them deal with the ongoing impact of the coronavirus (COVID-19) outbreak. 

The new package of measures includes £120 million to extend the Small Business Grant scheme to ensure that, in addition to a 100% grant on the first property, small business rate payers will be eligible to a 75% grant on all subsequent properties. 

A further £100 million fund is also being made available to protect self-employed people and viable micro and SME businesses in distress due to COVID. This fund will be channelled through local authorities and enterprise agencies to target newly self-employed people and businesses who are ineligible for other Scottish Government or UK Government schemes.  Applications for the £100 million fund will be open by the end of the month, and the new arrangements for the Small Business Grant will be in place to receive applications on 5 May. 

Finance Secretary Kate Forbes 

The full announcement can be found here: 

https://www.gov.scot/news/additional-support-for-business/