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A brief summary of Funding and Grants available to help your business through the pandemic

By 30th June 2020

A brief summary of Funding and Grants available to help your business through the pandemic

We would suggest checking back at this page on a regular basis though as updates seem to come daily if not weekly.  And some have deadlines coming soon.

Scottish Bed & Breakfast Hardship Fund

The Scottish Government's Bed & Breakfast Hardship Fund is designed to support small serviced accommodation providers who have not been able to access support through other government backed schemes.

This scheme is open to B&B businesses operating with a personal or joint personal bank account, however applications can now be considered from businesses operating with a business bank account.

Newly Self-Employed Hardship Fund

It’s there but it’s a fairly hefty criteria and only if applicants have not been able to access any other support. The Newly Self-Employed Hardship Fund offers non-repayable hardship relief grant payments of £2,000.  PLEASE NOTE: To be eligible you must meet all of the criteria listed

Scottish Government Coronovirus Business Support Fund

Your local Council is administering Coronavirus Business Support Fund on behalf of the Scottish Government for businesses in your Council area. It consists of the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund. The scheme needs careful reading but please note that 10th July is the deadline for an initial one-off grant payment

Self-Employment Income Support Scheme

The scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.

Universal Credit for the Self Employed

If you are affected by the coronavirus you will be able to apply for Universal Credit and can receive up to a month’s advance upfront without physically attending a Job Centre.

If you are suffering from the coronavirus or are required to stay at home and want to apply for ESA, the usual 7 waiting days for new claimants will not apply. ESA will be payable from day one.

Self-employed claimants on Universal Credit who are required to stay at home or are ill as a result of the coronavirus will not have a Minimum Income Floor (an assumed level of income) applied for a period of time while affected.

Creative Scotland Funding

Creative Scotland funding is open to individuals, groups or organisations to apply for, supporting a wide range of activity in the arts, screen and creative industries. View the programmes below for more information about what each will support and how to apply. Given the unprecedented nature of the panedmic, they have made some changes to funding routes.

There are plenty other loan schemes available and this link will take you to them all. But if you are in any doubt at all, drop us an email and we’ll get right back in touch to discuss the options available.

Funding and Grants available

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