Published: Tuesday, 14th April 2020
More than £4.9m of funding has been paid to date to Scottish Borders firms from the Scottish Government’s Coronavirus Business Support Fund, helping a total of 438 businesses.
A dedicated team of staff continue to work through all applications received by our Business Gateway service, which is managing the fund locally.
Tracey Logan, Chief Executive
“Since our last update, in less than seven days we’ve managed to make payments to almost 300 businesses, with more payments to be processed throughout this week.
“We absolutely appreciate how difficult a time this is for local businesses and how vital this funding could be. We are processing applications and payments as soon as possible, but I would reiterate once again that it is essential that the application form is completed fully and all relevant additional information provided to make the process as quick as possible for all concerned.”
Who can access the funding
The fund provides one-off small business support grants of £10k or £25k. The £10k grant is available to ratepayers of businesses located in a non-domestic property, with a rateable value of less than £18k, which are:
- In receipt of the Small Business Bonus Scheme (SBBS); or
- In receipt of Rural Relief; or
- Eligible for SBBS, but in receipt of Nursery Relief, Disabled Relief, Fresh Start or the Business Growth Accelerator. Certain property uses are excluded.
The £25k one-off grant is available to the ratepayers of businesses in the retail, hospitality, leisure sectors operating in a premises with a rateable value of £18,001 or up to £51k.
Information and guidance on the support available, and the application form, is available on our website.
More support and information for businesses
Information on other support for businesses is also available on our website along with links to other useful information and advice. A local helpline is also available 01835 825 600.
A national helpline for Scottish businesses concerned about the impact of COVID-19 has been established. The helpline, 0300 303 0660, is open Monday to Friday 8.30am-5.30pm.