Published: Wednesday, 6th May 2020
Applications are open for the second phase of the Scottish Government’s Business Support Fund, which provides 75 per cent grants from the fund for businesses with multiple premises.
To date we have processed almost 2k applications and payments of over £21.18m from the first phase of the scheme, which remains open to applications.
The new phase enables those whose additional properties also meet the eligibility criteria to receive grants equal to 75 per cent of the one-off grant value.
Fully online applications for submissions for multiple properties will be available later this week, while editable electronic forms can be downloaded now but will need to be completed for each premises.
The 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.
As part of the second phase of the scheme ratepayers that hold one or more properties in the retail, hospitality, and leisure sector whose rateable values do not exceed £18k and whose cumulative rateable value is between £35,001 and £51k will now be eligible for a grant for each of their qualifying properties.
Information and guidance on the support available is available online 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.