Publication - Factsheet

Coronavirus (COVID-19): support for businesses

Summary of information available on support for businesses during the COVID-19 pandemic.

Contents
Coronavirus (COVID-19): support for businesses
Business Support Fund

Business Support Fund

This grant support is worth over £1 billion to business, and is part of the wider business support package worth £2.3 billion.

So that funding can be distributed as quickly as possible, eligibility for the grant scheme is linked to the non-domestic rates system. The closing date for applications is 10 July 2020.

A  £10,000 grant is available to non-domestic ratepayers with properties in receipt of:

  • Small Business Bonus Scheme relief (SBBS) or Rural Relief
  • Nursery Relief, Disabled Relief, Business Growth Accelerator, discretionary Sports Relief, Enterprise Areas Relief, Fresh Start Relief, or Charitable Rate Relief but eligible for SBBS

You can also apply for the Small Business Support Grant if you're not the ratepayer but occupy certain types of space. For example shared office, business incubator or industrial space. You must lease the space from a landlord who is the registered ratepayer for the property.

To be eligible you must also:

  • be a registered business or partnership
  • have a lease signed before 17 March 2020
  • employ at least one person
  • have a business bank account

The Small Business Grant is also available to ratepayers that hold one or more properties within retail, hospitality or leisure, with individual rateable values not exceeding £18,000, and the cumulative rateable value for all properties held is between £35,001 and £500,000, who will be eligible to apply for the Small Business Grant Fund for each of their retail, hospitality, or leisure properties. 

A £25,000 grant is available to the ratepayers of properties in the retail, hospitality and leisure sectors with property with a rateable value between £18,001 - £51,000.

In addition to the 100% grant on the first property, ratepayers will also be eligible for a 75% grant on each subsequent property that meets the criteria for each grant. 

A new £100 million package of additional grant support for small and medium sized businesses (SMEs) and newly self-employed was announced on 30 April. This was subsequently increased to £185m.

The Pivotal Enterprise Resilience Fund and the Creative, Tourism & Hospitality Enterprises Hardship Fund have now closed to applications.

The Newly Self-Employed Hardship Fund remains open.

From 15 June Bed and Breakfasts who were ineligible for other support due to not having a business bank account will be able to apply to a new £3m fund, administered by Local Authorities.

Businesses can visit FindBusinessSupport.gov.scot for the latest information on funding opportunities.

The funds which make up the £185 million support package are as follows:

  • £34 million Newly Self-Employed Hardship Fund, managed by Local Authorities, allocated to the newly self-employed who are ineligible for UK support (as they became self-employed since April 2019) but are facing hardship. As of 15 June, £3 million of the Newly Self-Employed Hardship Fund allocation will be re-purposed to support B&Bs who were ineligible for other support due to not having a business bank account
  • £30 million Creative, Tourism & Hospitality Enterprises Hardship Fund, managed by the Enterprise Agencies with support from Creative Scotland and VisitScotland for small and micro creative, tourism and hospitality companies not in receipt of business rates grants of up to £25K  
  • £120 million Pivotal Enterprise Resilience Fund, managed by the Enterprise Agencies providing bespoke grants and wrap-around business support to viable but vulnerable SMEs who are vital to the local or national economic foundations of Scotland

The Scottish Government is also providing £1 million to top up Creative Scotland’s Bridging Bursaries scheme in the not-for-profit sector.