Coronavirus Restrictions Business Fund
The Scottish Government has announced funding for businesses in Scotland affected by the temporary coronavirus (COVID-19) restrictions that came into effect from 9 October 2020.
The new and temporary business support funds will be administered by local authorities, providing one-off grants to businesses directly impacted by these restrictions.
Update - 21 October 2020
On 21 October, the Scottish Government announced additional financial support to cover the extension to the temporary coronavirus brake restrictions.
These details have still to be finalised but please continue to complete an application if you think you are entitled to one of these funds. The new financial support levels will be applied to all successful awards. If you’ve already applied, you don’t need to submit another application as any top up payment will be automatically applied.
Business Closure Fund
This fund will be available to hospitality and other businesses required to close (except for takeaway) by these new restrictions regulations. You must be a hospitality or other business required by law to close under these new Phase 3 COVID-19 restrictions.
Closing date for the scheme is Tuesday 3rd November at 5 pm.
It is a two-tier scheme:
- £2,875 for businesses with a Rateable Value (RV) of up to and including £51,000
- £4,310 for businesses with a RV over £51,001
An upper limit of £21,000 in total will apply to any eligible business operating multiple premises.
Business Hardship Fund
You must be
- a hospitality business and some gyms, required by the regulations to operate in a restricted way
- a producer/wholesale business based in Scotland supplying primarily short-life goods or produce to hospitality businesses required by the regulations to close or operate in a restricted way and able to evidence a 25% reduction in turnover during the brake peri
This fund is to support some businesses that remain open but are still significantly impacted by the restrictions, including those in the direct supply chains of firms that must close. It is also a two-tier scheme
- £1,440 for businesses with a Rateable Value (RV) of up to and including £51,000
- £2,155 for businesses with a RV over £51,001
An upper limit of £14,000 in total will apply to any eligible business operating multiple premises.
Retail and businesses that provide takeaway food as the core and established basis of their operations are not eligible for the closure or hardship funds.
Multiple premises eligibility
If your business operates multiple premises you can apply for grants for each premise, applying only once to the local authority in which your business is headquartered. The maximum any one business can receive will be restricted, regardless of the number of premises. The upper limit for the business closure fund is £21,000 and the upper limit for business hardship fund is £14,000.
Evidence for your application
- Your businesses must have been open and trading before 9 October 2020.
- You must have a business bank account. This is the account your grant will be paid into if your application is successful.
- Your business premises must be registered for Non-Domestic rates. Businesses that pay rates through their landlords rather than directly to a Council are eligible to apply (evidence to be provided through copy of lease agreement).
- Businesses which have breached wider COVID regulations/requirements prior to local restrictions are not eligible to apply.
- Businesses with connections to tax havens, as set out in the Coronavirus (Scotland) (No.2) Act 2020, are not eligible to apply.
Applications are welcome from Limited Companies, Sole Traders, Trusts and Partnerships provided they meet the other criteria.
Retail and businesses that provide takeaway food as the core and established basis of their operations are not eligible for these closure or hardship funds.