Published: Thursday, 30th April 2020
Anyone newly self-employed in the Scottish Borders is now able to access financial support from the Scottish Government.
The Newly Self-Employed Hardship Fund is available to those who set up in business on or after 6 April 2019.
The fund, launched today, offers a one-off grant of £2,000 and we are delivering it locally on behalf of the Scottish Government.
A range of criteria applies for businesses to be eligible for support, including:
- Over 50% of individual income is from self-employment
- Trading profits below £50,000 in financial year 2019-20
- Have lost business due to coronavirus and experience personal financial hardship as a result
- Ineligible for other COVID-19 related business support
- Do not receive working age benefit payments
- Trade as self-employed, not as a limited company or partnership
- Do not have access to sufficient savings or other sources of income to meet basic needs
Chief Executive Tracey Logan
“As with the Business Support Fund we are aiming to process applications and payments as quickly as possible as we recognise how challenging a time this is for businesses.
“In addition to the Newly Self-Employed Hardship Fund, further business support will be available from next week and we’ll be making information on that available early next week on our website too.”
Information and guidance for businesses is available online along with links to other useful information and advice. A local helpline is also available - 01835 825600.
More business support and information
Details of further support for businesses is also available from www.businesssupport.gov.uk and www.findbusinesssupport.gov.scot/coronavirus-advice
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.