16 Apr 2020

Covid-19: Extra funding for Scottish businesses

Covid-19: Extra funding for Scottish businesses

Around £220million 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.

Background

A £25,000 grant is available to the ratepayers of properties in the retail, hospitality and leisure sectors with property with a rateable value between £18,001 - £51,000.

This grant is targeted at supporting small businesses, and those medium-sized businesses in the retail, hospitality and leisure sector, who are liable for non-domestic rates in order to maximise the number of businesses that can be supported. Charities are also eligible for the grant funding.

In addition to the 100% grant on the first property, ratepayers will also be eligible for a 75% grant on each subsequent property that meets the criteria for each grant. 

Applications for grants on additional properties will be open from 5 May.

Self-employed help

A £100 million fund is also available to protect newly self-employed people and viable 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.  Businesses will be able to apply for this by the end of the month. 

Further details on eligibility criteria and how to apply – including links to each Local Authority’s website – are available on the SG Business Support website at: (under ‘Local authorities - coronavirus grants’).

Details will be updated regularly as more information on grants for the newly self-employed and additional business properties become available.

Please correct the errors below before submitting your request:

Get in touch

Our dedicated client contact team prefer to receive enquiries through our contact form. We'll endeavour to get back to you within 24 hours or during the course of the next working day.

Tick this box if you wish to receive news and offers from Aberdein Considine. By doing, you indicate your consent to receiving targeted email marketing messages from us. On each occasion that we contact you in the future, you will be given the option to opt-out from receiving such messages. You may also email marketing@acandco.com at any time to opt-out.

The personal information that you provide to us in this form will only ever be used by Aberdein Considine (as the Data Controller) for the following specifically defined purposes:

  • email you content that you have requested from us
  • with your consent, occasionally email you with targeted information regarding our service offerings
  • continually honour any opt-out request you submit in the future
  • comply with any of our legal and/or regulatory obligations