Tue 20 Oct 20
The Scottish Government has introduced a new temporary business support fund to provide one-off grants, restricted to types of business detailed below, who were directly impacted by the restrictions implemented on 9 October 2020.
The fund went live at 09:00 today (Tuesday 20th October) and will close to new applications on Tuesday 3rd November at 17:00. The info and online application can be found here - https://www.businessgatewayfife.com/COVID-19-Restrictions-Fund-Fife.
The types of business eligible to apply for this funding in Fife are:
For clarity, retail and businesses that provide takeaway food as the core and established basis of their operations are not eligible for the hardship fund.
Eligible businesses in Fife will be able to access a business hardship fund - with payments of £1,440 or £2,155, dependent on Rateable Value (details below) - 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 £14,000 will apply in total to any eligible business operating multiple premises.
PLEASE NOTE: If you have applied before the amounts were increased changed on 21st October, you do not need to reapply to qualify for the higher amount. This will automatically be applied if your application is approved.
If your business operates multiple premises you can apply for grants for each premise. A separate application is required for each premises. The maximum any one business can receive will be restricted, regardless of the number of premises: with the upper limit for the business hardship fund being £14,000.
Your businesses must have been open and trading before 9th 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.