A new £100 million package of additional grant support for small and medium-sized businesses (SMEs) and newly self-employed people opened for applications yesterday (30 April).
The three separate funds, financed by the Scottish Government, will begin to pay out grants in early May:
- £34 million Newly Self-Employed Hardship Fund – managed by local authorities, awarding grants of £2,000 to people who became self-employed since April 2019 and who are therefore ineligible for support under the government’s Coronavirus Self-employment Income Support Scheme.
- £20 million Creative, Tourism & Hospitality Enterprises Harship Fund – managed by Scottish Enterprise with support from Creative Scotland and VisitScotland offering grants of up to £25,000 to small and micro creative, tourism and hospitality companies not in receipt of business rates relief.
- £45 Pivotal Enterprise Resilience Fund – managed by Scottish Enterprise, providing bespoke grants and business support to viable, but vulnerable, SMEs who are deemed to be vital to the local or national economy.
The Scottish Government is also providing £1 million to top up Creative Scotland’s Bridging Bursaries in the not-for-profit sector.
For more information and to apply for one or more of the funds click on the links above or visit www.FindBusinessSupport.gov.scot