08 Jul Scottish Government Coronavirus Funds Closing Friday 10 July
A number of Scottish Government Coronavirus funds will be closing to new applications this Friday, 10 July 2020. This applies to the Business Support Fund, Newly Self Employed Hardship Fund and Bed and Breakfast Hardship Fund. Please see below for more information.
Business Support Fund
- Closes to new applicants 10 July 2020
- £10,000 grant available to help small business owners of non-domestic properties manage the impact of Coronavirus
- This is available to non-domestic ratepayers with properties in receipt of:
- Small Business Bonus Scheme (SBBS) relief or Rural Relief
- Nursery Relief, Disabled Relief, Business Growth Accelerator, discretionary Sports Relief, Enterprise Areas Relief, Fresh Start Relief, or Charitable Rate Relief but eligible for SBBS
- You may also be eligible if you are not the ratepayer but occupy certain types of space such as a shared office, business incubator or industrial space
- A £25,000 grant is also available to the ratepayers of properties in retail, hospitality and leisure sectors for property with a rateable value between £18,001 – £51,000
- Further requirements apply – find out more here: https://www.gov.scot/publications/coronavirus-covid-19-support-for-businesses/pages/business-support-fund/
- Or here: https://findbusinesssupport.gov.scot/service/funding/small-business-support-grant
Newly Self-Employed Hardship Fund
- Closes to new applicants 10 July 2020
- Available to those who:
- became self-employed on or after 6 April 2019
- earn at least 50% of their income from self-employment
- had trading profits below £50,000 in financial year 2019-20
- are ineligible for other Covid-19 business support
- Further requirements apply – see here for more information: https://findbusinesssupport.gov.scot/service/coronavirus/newly-self-employed-hardship-fund
Bed and Breakfast Hardship Fund
- Closes 10 July 2020
- Fund supporting B&B and other Small Serviced Accommodation businesses who haven’t been able to access support through other schemes
- Available to those who:
- have been in business for at least a year and filed trading accounts for 2018-2019
- had trading profits below £50,000 in the financial year 2019-20
- earn at least 35% of their individual income from the affected business
- Successful applicants will receive a one-off payment of £3,000
- Further requirements apply – see here for more information: https://findbusinesssupport.gov.scot/service/coronavirus/bed-and-breakfast-hardship-fund
If you need help putting together an application, or would like more information on whether you could be eligible for a Coronavirus fund, get in touch with one of our specialists at mail@dhco.co.uk or 01573 225082. Our team can help you to get everything you need in order in time for this Friday’s deadline.