Date12 Oct 2020
To help businesses affected by the temporary restrictions, the Scottish Government has announced a £40 million support fund.
COVID-19 Restrictions Fund
For businesses required to close by the regulations, the COVID-19 Restrictions Fund offers a one-off grant of up to £3,000. The level of grant depends on the rateable value of the business:
The eligibility criteria are as follows:
Local authority hardship fund
Grants of up to £1,500 are available to support businesses that have been directly impacted by the restrictions but are still open – e.g. those in the supply chain of firms that have closed.
To support the UK government 20% salary contribution requirement, up to £9 million will be put towards the cost of re-furloughing staff.
Businesses that don’t fall into the above categories will have access to a discretionary fund of up to £11 million.
How to apply
The Scottish Government is working with local authorities to finalise the application process. The information will be published here as soon as available.
Get in touch
If you have any further queries regarding the fund or would like to discuss the support available in more detail, please get in touch with your usual Azets contact.