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Scottish Government announces £200m package for SMEs and self-employed

15-Apr-2020 4:39 PM | Anonymous

The Scottish Government has announced an additional £220 million of support for small businesses and the self-employed.

The new package of measures includes £120 million to extend the Small Business Grant scheme to ensure that, in addition to a 100% grant on the first property, small business rate payers will be eligible to a 75% grant on all subsequent properties.

A further £100 million fund is also being made available to protect self-employed people and viable micro and SME businesses in distress due to COVID. This fund will be channelled through local authorities and enterprise agencies to target newly self-employed people and businesses who are ineligible for other Scottish Government or UK Government schemes. 

Textiles Scotland will provide more details as they become available.


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