Published: Friday, 1st May 2020
Over 1,800 applications from Scottish Borders firms to the Scottish Government’s Business Support Fund have been approved, totalling almost £20m.
This week the Newly Self-Employed Hardship Fund was also launched, which we are also managing applications and payments for.
The current Business Support 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 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.