Wednesday, 6 May, 2020
Further grants are being provided to a range of businesses in Scotland to help them cope with the impacts of coronavirus.
A new phase of the Scottish Government-funded Small Business Grant Scheme, which extends grant support to all subsequent eligible properties, is now open for applications, Scotland’s Finance Secretary Kate Forbes has confirmed.
The second phase ensures that, in addition to existing grants of £10,000 or £25,000 for the first property, businesses may now qualify for grants of £7,500 or £18,750 on all subsequent eligible premises.
In addition, retail, hospitality and leisure properties with a rateable value up to £18,000 that do not qualify for the Small Business Bonus Scheme, may now qualify for Small Business Grants.
These enhancements are said to be worth an estimated £120 million extra to businesses in Scotland.
Ms Forbes said:
'The Scottish Government is delivering a strong package of business support worth around £2.3 billion, and I am pleased [about the opening] of the second phase of our Business Grants Funding Scheme, increasing the eligibility for multiple properties within the same business.
'Our actions have been welcomed by the private and third sectors alike, and are making a real difference to people’s lives in Scotland.'
The Small Business Grant Scheme is being administered by local authorities across Scotland. Businesses can get information on how to apply via their local council.
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.