Coronavirus (COVID-19): Strategic Framework Business Fund
These grants form a new package of support to help businesses closed or impacted by coronavirus protective measures.
Local authorities will administer the grants and will be responsible for delivering the funding to eligible businesses. The Scottish Government will fund local authorities to make these payments, providing information on funding levels and periods each time levels change.
Application forms are available on individual council websites and should be filled in on-line and submitted through the council’s website (if available) or returned to councils by e-mail only.
Applications can be made up to 31 March 2021.
There are two funds available:
Business temporary closure fund
The temporary closure grant will offer business required to close by law:
- £2,000 for premises which have a rateable value of up to and including £51,000
- or £3,000 for premises which have a rateable value of £51,001 or above
The grant is payable for every four weeks for the duration the protective measures to close the business apply.
The rateable value of the property is considered to be as per local authority records at 1 November 2020.
Multiple properties: an upper limit of £15,000 in total in any four-week period will apply to any eligible business operating multiple premises, and subject to compliance with EC State Aid Limits (see below for more on EC State aid limits).
Business restrictions fund
The restrictions fund grant will offer businesses specifically required to modify their operations by protective measures, as specified by law:
- £1,400 for premises which have a rateable value of up to and including £51,000
- Or £2,100 for premises have a rateable value of £51,001 or above
The grant is payable for every four weeks for the duration the protective measures to close the business apply.
The rateable value of the property is considered to be as per local authority records at 1 November 2020.
Multiple properties: an upper limit of £10,500 in total in any four-week period will apply to any eligible business operating multiple premises, and subject to compliance with EC State Aid limits (see below for more information).
To Find Out if You are Eligible – Read More Here