Scottish government announce details of business grants

closed

Economy Secretary Fiona Hyslop has outlined details of a £40 million fund to help pubs and restaurants that have been forced to close because of COVID-19 restrictions.

The COVID-19 Restrictions Fund will provide one-off grants of up to £3,000, depending on rateable value, to bars, restaurants and other businesses required to close by regulations.

Up to £2,000 will be payable to businesses with a rateable value of up to £51,000 that are required to close by law, for those with a rateable value of £51,001 or above the grant will be £3,000.

Payment mechanisms for additional support on top of grants to support the top up costs of furlough currently met by business are being identified and grants will be distributed by local authorities.

A hardship fund with grants of up to £1,500 will support some businesses that remain open but are directly impacted by the restrictions, including those in the direct supply chains of firms that have closed.

In addition, up to £9 million of funding will help with the costs of re-furloughing staff by supporting the 20% salary contribution required by the UK Government.

A discretionary fund of up to £11 million will help businesses that need support but don’t fall into the above categories. This will, for example, support soft play centres that have been unable to re-open this month.

The plan has been developed following discussions with business groups, trades unions and local authorities.

Information for businesses is available at findbusinesssupport.gov.scot

 

Share:

Category: News
Tags: , ,
Menu