Businesses can now apply for cash grants of £10,000 or £25,000 subject to fulfilling certain criteria:
- £10,000 grant awarded to all small firms receiving the small business bonus or rural relief;
- £25,000 grants for hospitality, leisure and retail properties with a rateable value between £18,000 and £51,000.
To apply please complete the online form here
Please note that we will prioritise getting payments to businesses as quickly as possible, with the target that all eligible businesses will be paid within 10 days of receipt of application. Therefore we will not make contact with you unless we need to discuss your application further. All successful grant applications will simply be paid into your nominated bank account.
The Third Sector Resilience Fund (TSRF) is part of a £350m support package for the sector as a response to the Coronavirus pandemic.
TSRF is specifically targeted at charities, voluntary organisations, social enterprises and other third sector organisations that are based in Scotland and/or primarily delivering services/activities in Scottish communities, but that find themselves in financial difficulties directly as a result of the Coronavirus pandemic. The funding’s primary intention is to help these organisations to stabilise and manage cashflow over this difficult period.
TSRF provides grants between £5,000 and £100,000. In addition, there is up to a further £5m available in fully flexible, 0% interest loans starting at £50,000.
- (Grants) Up to £25,000 will be supported by Corra Foundation
- (Grants) £25,000 – £100,000 will be supported by Firstport
- (Loans) £50,000 and above will be supported by Social Investment Scotland
For more information and how to apply, click here
On Thursday evening, the Chancellor announced plans to support the self-employed. This consists of 80% of your profits up to maximum of £2,500 per month and will be calculated based on your previous three years’ tax returns. These payments are unlikely to be processed until June. In the meantime, any self-employed workers who have not already done so are being encouraged to submit this year’s tax return within the next 4 weeks and can access existing supports such as Universal Credit and business continuity loans.
You can read the full announcement here.
Business Support Summary
We have collated the range of business supports available into one document to help you find the right help for you. We will update this guide on a regular basis. You can access the document here: Covid-19 Business Support Summary .pdf
A dedicated helpline and email enquiry service is in the process of being established. Experienced business advisers will be on hand to help you access vital support.
We have created a page for employers urgently seeking to recruit to help with growing demands in key sectors. For information and to submit a post, click here.
Skills Development Scotland (SDS) have issued reassurance that they are continuing to support individuals, employers, local services and partners through the effects of this crisis and have issued the following update:
- SDS is continuing to provide career information, advice and guidance for all people.
- we are working with the Scottish Government and other partners to ensure our PACE (Partnership Action for Continuing Employment) service offer is responsive to the emerging situation with updates posted to SDS’s website.
- we are already working with individual learners and apprentices, employers, learning providers and awarding bodies to support them and ensure that the effects of disruption are minimised and wherever possible, that they and are not negatively impacted in the longer term.
Please be aware that anyone looking for our support can do so online or via phone:
- for PACE support, individuals and employers can call the helpline on 0800 917 8000 or visit redundancyscotland.co.uk.
- SDS Careers Advisers are continuing to offer support to individuals via telephone, Skype or online. To speak to a Careers Adviser, call your local SDS team. Or visit My World of Work.
Please refer toSkills Development Scotland’s website where we will be posting regular updates on our services during this time.
For matters relating to the Stirling area, please do not hesitate to get in touch with me (firstname.lastname@example.org) or Val Ormiston, SDS Area Manager for Stirling Council, if you would like to discuss the above information or any other related matter today, or in the days and weeks to come.
The Scottish Government announced new measures to limit the impact of COVID-19 during Financial Year 2020/21. As soon as further details are provided, we will ensure that relevant information is made available.
£2.2billion package of support for businesses | New measures to limit the impact of COVID-19 on the business community in Scotland have been announced by Finance Secretary Kate Forbes. Steps will be put in place to support businesses during the 2020-21 financial year.
UK Government support package | The UK Government has announced a package of temporary, timely and targeted measures to support businesses through this period of disruption caused by COVID-19. This includes Government backed loans, grant funding, statutory sick pay relief and HMRC Time To Pay Scheme.
Coronavirus Business Interruption Loan Scheme (CBILS) | CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruption to their cashflow. The scheme is now open to apply.
Business Gateway Virtual and Business Support | are delivering virtual advisory and workshop services. Their advisers can offer free support with a wide range of business matters including continuity planning, managing cashflow and dealing with suppliers.
Health Protection Scotland | has information on guidance, data and surveillance, publications and incident and outbreaks.
It has also added new guidance on coronavirus that includes workplace advice such as hotels and hospitality settings where a guest may need to self-isolate in a hotel or holiday accommodation. Read the guidance.
NHS inform | has information on the virus itself, common questions related to health, self-isolation advice for people without symptoms and information for professionals.
NHS Covid-19 communication toolkit - contains a poster, video and social media posts for organisations to print and share.