Wednesday, 22 April, 2020
Grants are soon to be provided through three dedicated funds, totalling £100 million, for businesses across Scotland that are suffering the impacts of the coronavirus crisis.
Scotland's Economy Secretary Fiona Hyslop has confirmed that grant funding for the newly self-employed who are suffering hardship because of the coronavirus (COVID-19) outbreak, and SMEs in distress, will be available in the coming days.
A £100 million funding pot has been earmarked, which will be broken into three separate funds as follows:
Ms Hyslop said:
'This funding is intended to relieve the hardship of individuals and smaller firms that are ineligible for support from the UK Government or are not in receipt yet of the funds they need to survive.
'As well as dealing with this immediate crisis … we must ensure that those businesses with a part to play in strengthening resilience in Scotland's economy survive this crisis and thrive in future.'
The expectation is that grants will be open for applications by the end of April, and recipients will receive funds in early May.