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Support for small businesses

Tue 9 Jun 20

Small businesses which share properties but don't pay business rates are now eligible to apply for grants to help with the impact of COVID-19.

The extension to the Small Business Grant Fund will apply to firms occupying shared office spaces, business incubators or shared industrial units and who lease the space from a registered, rate-paying landlord. Separately, eligibility has also been extended to companies occupying multiple premises with a cumulative value of more than £51,000.

From today, eligible businesses will be able to apply to their local authority for grants of up to £10,000.

It's also been confirmed that the Small Business Grant and Retail, Hospitality and Leisure Grant schemes will close for new applications on 10 July. Latest figures up to 2 June show that £824.541 million has been distributed to 72,622 businesses across Scotland through the schemes, but that new applications have slowed in recent weeks.

Our comprehensive package of business support is now worth more than £2.3 billion. Our programme is kept under constant review, and we're always looking for ways to extend eligibility to help more businesses. That's precisely what we're doing."

Kate Forbes, Finance Secretary

 

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