15 October 2020
Following on from the First Minister’s statement to the Scottish Parliament earlier today, please see below a snapshot of new business support outlined by the Scottish Government to support businesses affected by lockdown restrictions.
Businesses will have to apply for these new funds through local authority websites and can apply from Tuesday the 20th of October at 9am, with funding closing on Tuesday the 3rd of November at 5pm.
Attached is a more detailed, full overview of the eligibility and criteria for the new funds, funds which are as follows:
A COVID-19 Restrictions Fund will be available to hospitality and other businesses required to close (except for takeaway) by these new restrictions regulations. It operates as a two-tiered scheme, with a smaller grant of £2,000 for businesses with a Rateable Value (RV) of under £51,000 and a larger grant of £3,000 for those businesses with a RV over £51,000. An upper limit of £15,000 in total will apply to any eligible business operating multiple premises.
At the same time, Local Authorities will invite applications for a business hardship fund – with payments of £1,000 or £1500, dependent on Rateable Value – to support some businesses that remain open but are still significantly impacted by the restrictions, including those in the direct supply chains of firms that must close. An upper limit of £10,000 will apply in total to any eligible business operating multiple premises.
The first round of applications are targeted on:
Hospitality businesses and some gyms, required by these new regulations to close or operate in a restricted way and able to evidence a minimum 25% reduction in turnover during the brake period;
Producers/wholesale businesses based in Scotland supplying primarily short-life goods or produce to hospitality businesses required by the regulations to close or operate in a restricted way and able to evidence a minimum 25% reduction in turnover during the brake period
*For clarity, retail and businesses that provide takeaway food as the core and established basis of their operations are not eligible for these closure or hardship funds.
Local authority websites will be updated at 9am on Tuesday 20th October, allowing business to complete applications for these new funds. The Scottish Government are advising businesses not to contact their local authority until then.
Applications for the funds will close on Tuesday 3rd November at 5pm.
Further details on eligibility and criteria for the above funds are attached and can also be found on the Scottish Government website: