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Coronavirus (COVID-19) – Scottish Government Announces Financial Support to Small Businesses

Mar 17, 2020 | Blog, Covid-19

The Scottish Government has announced an £80 million fund to provide grants of at least £3,000 to small businesses in sectors facing the worst economic impact of coronavirus.

To apply, small businesses should contact the business coronavirus helpline on 0300 303 0660. The helpline is open Monday to Friday 8.30am to 5.30pm.

The £80m grant fund is part of a £320m package of measures announced to help small businesses weather the coronavirus crisis which includes:

• 75 per cent rates relief for retail, hospitality and leisure sectors with a rateable value of less than £69,000 from 1 April 2020 

• an £80 million fund to provide grants of at least £3,000 to small businesses in sectors facing the worst economic impact of coronavirus

• 1.6 per cent rates relief for all properties across Scotland, effectively reversing the planned below inflation uplift in the poundage from 1 April 2020

• a fixed rates relief of up to £5,000 for all pubs with a rateable value of less than £100,000 from 1 April 2020.

If you have any queries or concern about your business through this unsettled time then please don’t hesitate to keep in touch by emailing info@condie.co.uk or calling us on 01383 721421

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