Home - News - CORONAVIRUS – SCOTTISH GOVERNMENT £2.2 Billion package for business

CORONAVIRUS – SCOTTISH GOVERNMENT £2.2 Billion package for business

The Scottish Government Economy Secretary Fiona Hyslop announced a package of business support measures worth £2.2 billion from 1 April 2020:

A full year’s 100% non-domestic rates relief for retail, hospitality and tourism.

£10,000 grants for small businesses in receipt of the Small Business Bonus Scheme or Rural Relief

£25,000 grants for hospitality, leisure and retail properties with a rateable value between £18,000 and £51,000.

1.6% relief for all properties, effectively freezing the poundage rate next year.

Ms Hyslop said ‘ we need to see substantial grant support and tax breaks to keep companies in business and people in jobs where possible, and a greater emphasis on supporting individuals and households’

Applications for these grants are now open via your local authority website

Copy the link below to find up to date information and a link to each local council website.

https://www.mygov.scot/non-domestic-rates-coronavirus/

These grants could be crucial in allowing businesses to pay staff and ongoing expenses during the current period of lockdown and we will keep clients advised as information is released.

If you believe that you may be eligible for the grants and require our assistance with making an application then please contact us by email on admin@four-m.co.uk

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CORONAVIRUS – SCOTTISH GOVERNMENT £2.2 Billion package for business

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