Changes have been made to the Small Business Grant in Scotland, extending the scheme to retailers who are not the registered ratepayer or who operate more than one shop.
You can now apply for the Small Business Support Grant if you’re not the ratepayer but occupy certain types of space. For example a shared office, business incubator or industrial space. You must lease the space from a landlord who is the registered ratepayer for the property.
To be eligible you must also:
- be a registered business or partnership
- have a lease signed before 17 March 2020
- employ at least one person
- have a business bank account
The Small Business Grant is also available to ratepayers that hold one or more properties within retail, hospitality or leisure, with individual rateable values not exceeding £18,000, and the cumulative rateable value for all properties held is between £35,001 and £500,000, who will be eligible to apply for the Small Business Grant Fund for each of their retail, hospitality, or leisure properties.
A £25,000 grant is available to the ratepayers of properties in the retail, hospitality and leisure sectors with property with a rateable value between £18,001 – £51,000.
In addition to the 100% grant on the first property, ratepayers will also be eligible for a 75% grant on each subsequent property that meets the criteria for each grant.
The Scottish Government also has a £34 million Newly Self-Employed Hardship Fund, managed by Local Authorities, allocated to the newly self-employed who are ineligible for UK support (as they became self-employed since April 2019) but are facing hardship.
Details of all the support schemes for businesses in Scotland can be found here https://www.gov.scot/publications/coronavirus-covid-19-support-for-businesses/pages/overview/
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