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2nd Phase Funding for Scottish Busineses for COVID 19 support

15 Apr 2020
Part of: Coronavirus in Scotland, Business, industry and innovation

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 April 2020, and the new arrangements for the Small Business Grant will be in place to receive applications on 5 May.

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