It was announced on 26 May that further measures are being taken by the Scottish Government to support businesses adversely affected by coronavirus. The enhanced support includes:
- An extension to the eligibility of the current small business and retail, hospitality and leisure grant for businesses that occupy multiple premises with a cumulative value over £51k
- As well as an extension to businesses occupying premises such as shared office spaces, business incubators and shared industrial units where the landlord is the ratepayers
The Scottish Government will also be looking at ways to support those who were excluded from the Hardship Funds due to not having a business bank account. We are expecting further details to be announced on this later in the week.
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 28 May 2020. Laws and tax rules may change in the future.