New Coronavirus Restrictions Business Fund
The Scottish Government has earmarked up to £40 million to support employees and businesses impacted by the Coronavirus restrictions which came into effect on Friday 9 October. The Coronavirus Restrictions Business Fund will be available to hospitality and other businesses required to close (except for takeaway) by the new regulations.
- The scheme will open for applications on this website on Tuesday 20 October.
Business Closure Fund
These new and temporary business support funds will be administered by local councils, providing one-off grants to businesses very directly impacted by the restrictions. It will operate as a two-tiered scheme, with a smaller grant of £2,000 for businesses with a Rateable Value (RV) of under £51,000 and a larger grant of £3,000 for those businesses with a RV over £51,000. An upper limit of £15,000 in total will apply to any eligible business operating multiple premises.
Business Hardship Fund
At the same time, local councils will invite applications for a business hardship fund - with payments of £1,000 or £1,500, dependent on Rateable Value - 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. An upper limit of £10,000 will apply in total to any eligible business operating multiple premises.