New measures to limit the impact of COVID-19 on the business community in Scotland were announced by Finance Secretary, Kate Forbes, on Saturday (14 March).
The following steps will be put in place to support businesses during the 2020-21 financial year:
- A 75% rates relief for businesses in the retail, hospitality and leisure sectors with a rateable value of less than £69,000 from 1 April 2020.
- An £80 million fund to provide grants of at least £3,000 to small businesses in sectors facing the worst economic impact of COVID-19 .
- A 1.6% rates relief for all properties across Scotland, effectively reversing the planned below inflation uplift in the poundage from 1 April 2020.
- A fixed rates relief of up to £5,000 for all pubs with a rateable value of less than £100,000 from 1 April 2020.
A helpline providing businesses across Scotland with advice and guidance on COVID-19 has also been announced by Economy Secretary, Fiona Hyslop.
The helpline number, which is now live, is 0300 303 0660 and will be open Monday to Friday between 8.30am and 5.30pm.
Based at Scottish Enterprise’s existing call centre in Clydebank, advisers across Scotland will answer questions from businesses related to COVID-19.
The helpline will also help the Scottish Government identify the current challenges facing businesses.
Alternatively arrange to speak to an adviser at Business Gateway Fife on 01502 858333.