Tuesday, 9 June, 2020
More of Scotland’s firms can now apply for support to survive the coronavirus outbreak, however, there is just one month left to apply.
Small businesses in Scotland that share properties but do not pay business rates are now eligible to apply for grants to help with the impact of COVID-19.
The extension to the Small Business Grant Fund will apply to firms occupying shared office spaces, business incubators or shared industrial units and those leasing space from a registered, rate-paying landlord.
Separately, eligibility has also been extended to companies occupying multiple premises with a cumulative value of more than £51,000. From 8 June 2020, eligible businesses are able to apply to their local authority for grants of up to £10,000. However, there is now a limited time for eligible firms to make an application, as the schemes will close in July.
Finance Secretary Kate Forbes said:
‘It is essential that we do not allow funds to sit for too long in schemes that are attracting few applications, so we have decided to bring these to a close next month.
‘That will mean that any remaining money can be re-routed to help businesses in other ways, as we have already started to do for the Pivotal Enterprise Resilience Fund.’
The Small Business Grant and Retail, Hospitality and Leisure Grant schemes will close for new applications on 10 July 2020.
More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.