The fund is targeted at food and drink wholesalers who sell food and drink into the hospitality sector, on trade or public sector contracts.
Your business is eligible to apply if it is based in Scotland and:
- food and drink wholesale is the main or only part of the business (wholesale must equate to 80% or more of business turnover)
- it has seen a fall in sales by 20% or more since March 2020
- it is classed as a small and medium-sized enterprise (SME) as defined in the EU recommendation 2003/361 - that is, it employs fewer than 250 people and has an annual turnover of no more than 50 million euros and/or an annual balance sheet total of no more than 43 million euros
What is meant by food and drink wholesale
For the purposes of this fund, food and drink wholesale must be the main part of the business.
Wholesale is defined as being a route to market in the consolidation and distribution of multi-supplier stocks.
For example a meat producer, food processor, or hatchery, who makes/grows/processes products as their main business but also carry out wholesale trade to local butchers or hotels etc. cannot apply as wholesaling isn’t the main part of their business.