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More support for businesses in Scotland

Christian Fernsby ▼ | October 22, 2020
More funding will be made available for businesses affected by the extension of temporary restrictions to slow the spread of coronavirus in Scotland.
Scotland street
Support for businesses   Scotland street
The First Minister announced that the current temporary restrictions will remain in place until 2 November. As a result, funding for business grants over this period will be increased proportionately.

Topics: Scotland

The COVID-19 Restrictions Fund will now provide one grants of up to £4,310 to businesses required to close by regulations.

For businesses that may remain open but are directly impacted by the restrictions, the maximum hardship fund grant will increase to £2,155.

Additionally, grants of £1,650 will help those firms that are required to close to help meet the 20% employer’s contribution that they are required to pay under the current UK Government furlough scheme.

These one-off grants are for the period until 2 November only and will be replaced by a new system of business support to complement the “levels” approach due to be debated in Parliament next week.