Business Support Fund
31 Mar 2020
Scottish Government's £1 Billion Covid-19 Business Support Fund
Grants are being provided to a range of businesses in Scotland to help them cope with the impacts of the coronavirus. Edinburgh businesses can now apply for grants to help them deal with the impact of the coronavirus (Covid-19) outbreak. The one-off grants are designed to help protect jobs, prevent business closures and promote economic recovery, and more than 90,000 ratepayers across Scotland will be able to benefit. The grant support is additional to separate tax relief measures and is part of a package of measures worth £2.2 billion.
Two types of grant are now available to ratepayers:
• A one-off £10,000 grant to ratepayers of small businesses in receipt of the Small Business Bonus Scheme (SBBS) or Rural Relief, or eligible for SBBS in receipt of Nursery Relief or Disabled Relief, and with rateable value up to £18,000.
• A one-off grant of £25,000 available to retail, hospitality and leisure business ratepayers with a rateable value between £18,001 and £50,999.
Extra Reliefs to Help with Covid-19
All non-domestic properties in Scotland will get a 1.6% rates relief. This relief effectively reverses the change in poundage for 2020-21. Businesses do not need to apply for this relief. It will be applied to their bill by the City of Edinburgh Council.
Further information and the online Application Form can be accessed on the Council website.
Closing date for applications is 31 March 2021.
Should you have any enquiries, please email: email@example.com