Our website uses cookies. See our cookies page for information about them and how you can remove or block them. Click here to opt in to our cookies

Applications open for £100m funds to help business

Published: 30 Apr 2020

Applications now open. Visit findbusinesssupport.gov.scot

A £100 million package of additional grant support for small and medium sized businesses (SMEs) and newly self-employed people is now open for applications.

The three separate funds will be administered by local authorities and Scotland’s Enterprise Agencies and will begin to pay out grants in early May.

The funds which make up the £100 million support package are as follows:

Economy Secretary Fiona Hyslop said:

“Our economy has been hit hard by this crisis and previously profitable businesses have seen demand dry up overnight. Our support will help alleviate the hardship those individuals and companies are facing.

“I am particularly pleased that we will be able to help the newly self-employed who do not qualify for the UK’s scheme and are facing financial hardship as a result of COVID-19.

“We also recognise the particular impact of COVID-19 on our creative, tourism and hospitality sector at what would normally be their busiest period. This fund is intended to relieve the hardship of smaller firms that are ineligible for other forms of support.

“As well as dealing with this immediate crisis, we must look to the future. We must ensure that viable and vital businesses in all sectors with a part to play in strengthening the resilience of Scotland’s economy survive this crisis and thrive in future, which is why £45 million is being allocated to support those firms.

“We continue to engage with businesses on a regular basis to understand their needs and press the UK Government to deliver for them.”

Iain Munro, CEO, Creative Scotland said:

“Today’s launch of £100 million of funding offers welcome extra assistance for people and organisations across Scotland struggling as a result of the impacts arising from COVID-19. We will support our partners to ensure that those who are eligible in the arts, screen and creative industries can successfully access the new funding as far as possible."

Applicants can access these funds and more via the www.FindBusinessSupport.gov.scot website.