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Coronavirus (COVID-19): Strategic Framework Business Fund

Mon 28 Dec 20

FIFE MOVED TO LEVEL 4 ON 26TH DECEMBER.

BUSINESSES THAT ARE ONLY ELIGIBLE FOR SUPPORT AT LEVEL 4 SHOULD NOT APPLY BEFORE 26TH DECEMBER. BUSINESSES THAT HAVE PREVIOUSLY APPLIED TO THE STRATEGIC FRAMEWORK BUSINESS FUND NEED NOT REAPPLY AS ALL PREVIOUSLY REJECTED APPLICATIONS WILL BE REVIEWED FOR ELIGIBILITY AT LEVEL 4.

Linked to Scotland’s Strategic Framework, from 2 November, grant support will be available for businesses that are required to close by law every four weeks for as long as the restrictions last.

Support will also be available to businesses not required to close, but specifically required by law to significantly modify their operations.

This support is separate from and in addition to the funding to support employees and businesses impacted by local Covid restrictions, for the period from 9 October until 1 November. Applications for that funding closed on 3rd November.

The new financial support for business will provide:

  • Temporary Closure grant of £2,000 or £3,000 (depending on rateable value) for business required to close by law, payable every four weeks for the duration protective measures are in place.
  • Business Restrictions grant of £1,400 or £2,100 (depending on rateable value) for businesses that remain open but are specifically required to modify their operations by law, payable every four weeks for the duration measures are in place. This means that you are required to close earlier than normal, for example, not that you have to adopt physical distancing or that the demand for your products or services has been reduced because of the pandemic.

These grants will be provided, to eligible businesses, and paid every four weeks in arrears. When restrictions end, any final payment in arrears may be adjusted to reflect the duration of the restrictions to the nearest week.

For more information and to apply, visit https://www.businessgatewayfife.com/level3-business-support 

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