A £100 million package of additional grant support for small and medium sized businesses 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 can be accessed via the www.FindBusinessSupport.gov.scot website.
Details of the new support packages are as follows;
- · £34 million Newly Self-Employed Hardship Fund
Grants of £2,000 for those who became self-employed after April 2019 and are not eligible for UK support. Will be managed by local authorities.
· £20 million Creative, Tourism & Hospitality Enterprises Hardship Fund
Grants of up to £25,000 for small and micro creative, tourism and hospitality companies not in receipt of business rates relief. Will be managed by the Enterprise Agencies with support from Creative Scotland and VisitScotland.
· £45 million Pivotal Enterprise Resilience Fund,
Providing bespoke grants and wrap around business support to viable but vulnerable SMEs who are vital to the local or national economic foundations of Scotland.