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Discretionary Business Support Fund

Posted on by Fiona Campbell

Businesses that have missed out on other forms of Covid-19 funding can apply for the Local Authority Discretionary Fund launched this week.

£30 million funding has been provided to local authorities to provide additional support for businesses where they consider that necessary or justified.

The aim of this fund is to mitigate the short term financial challenges being experienced by businesses adversely impacted by restrictions and regulations introduced since October to control the spread of COVID-19. It enables individual local authorities to direct additional financial support to specific groups, sectors or businesses within their local business communities who are experiencing immediate financial challenges as a result of current restrictions and regulations.

This fund provides eligible businesses with £2,000 to support them through the latest Coronavirus restrictions. The fund is targeted at small and micro businesses (50 employees or fewer) and the self-employed and takes into consideration local priorities and gaps in support. It is specifically aimed at businesses and individuals that haven’t received other Scottish Government financial support introduced since October 2020.

Local authorities can use this fund at their discretion, and will undertake their own assessment of need and develop application processes accordingly.

To apply for this fund, you need to go through your local council: