To help businesses deal with the ongoing impact of coronavirus, the Scottish Government has announced around £220 million of additional grants are being made available.
The second phase of funding includes £120 million to extend the Small Business Grant scheme. With a 100% grant already available on first properties, small business rate payers will now be eligible to a 75% grant on any additional properties.
A further £100 million is being made available for newly self-employed and micro and SME businesses who are ineligible for other Scottish Government or UK Government schemes. The fund will be channelled through local authorities and enterprise agencies.
Applications for the £100 million fund will be open by the end of the month, and the new arrangements for the Small Business Grant will be in place to receive applications on 5 May.
If you have any questions or would like to discuss the impact of Coronavirus on your business, please get in touch with your usual Campbell Dallas contact.
The information in this update should not be regarded as financial advice. This is based on our understanding on 15 April 2020. Laws and tax rules may change in the future.