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Information for Businesses and Charities affected by COVID-19

Updated 22 May 2020:

 

UK Government: Information for individuals and businesses in Scotland (Coronavirus (COVID-19))  

     https://www.gov.uk/guidance/coronavirus-covid-19-information-for-individuals-and-businesses-in-scotland 

 

Scottish Government Business Support 

    The Scottish Government Coronavirus helpline is 0300 303 0660. To ease traffic for this line, it is encouraged that businesses try their dedicated webpage first. 

 

Business Gateway - Virtual and Local Business Support - Coronavirus (COVID 19 Pandemic)

 Business Gateway are offering free resources on business continuity, contingency planning, using digital to reach your customers and several more important topics.

 

Resilience and Recovery Loan Fund (18/05/20)

Fund will be allocated by Social Investment Bank in partnership with Big Issue Invest, Charity Bank and Social and Sustainable Capital.

Charities and social enterprises can apply for emergency loans between £100K-£500K with flexibility in terms, including:

  • A minimum of a 1-year term and a maximum of 3-year term
  • Interest-free and fee-free for the first 12 months (in line with CBILS)
  • 6.5% per annum for years 2 and 3

More info can be found here: https://www.sibgroup.org.uk/resilience-and-recovery-loan-fund

 

Support Fund for Businesses in Scotland 

Local authorities are now providing grant applications forms to small businesses for the £1 Billion Scottish Government Coronavirus Business Support Fund. You can find an application form on your local council’s website.  

The grant support is additional to separate tax relief measures and is part of a package of measures worth £2.2 billion. 

This fund will be accessible for businesses located in a non-domestic property that is on 17 March;  

  1. in receipt of the Small Business Bonus Scheme (SBBS); 

  1. in receipt of Rural Relief; or 

  1. eligible for SBBS but in receipt of Nursery Relief or Disabled Relief; 

Those businesses will have the opportunity to receive one-off grants of either £10,000 or £25,000, depending on their rateable value. The grants are aimed at helping keep companies in business and keep productive capacity so that they can recover. Their intention is to: 

  1. Protect jobs 

  1. Prevent business closure 

  1. Promote economic recovery 
     

**Properties occupied by charities can now apply to the £10,000 Small Business Grant Scheme to help with pressures caused by the Covid-19 outbreak. It will apply to properties which are in receipt of any Charitable Rates Relief or Sports Relief, but are otherwise eligible for the Small Business Bonus Scheme.**

 

More information about the Fund and related schemes can be found via the links below:  

 Scottish Government - Help with non-domestic rates in Scotland during coronavirus (COVID-19)https://www.mygov.scot/non-domestic-rates-coronavirus/?fbclid=IwAR1Xhgma5lt9GMBv0bUwG42w5KHeILezGMfbX0v0s5t9DaIb3GCZ5jMzRq4 

  Scottish Government - £2.2 billion for businesshttps://www.gov.scot/news/gbp-2-2-billion-for-business/ 

  Scottish Government - Non-domestic rates relief (Small Business Bonus Scheme)https://www.mygov.scot/non-domestic-rates-relief/small-business-bonus-scheme/ 

  Scottish Government - Non-domestic rates calculatorhttps://www.mygov.scot/non-domestic-rates-calculator/#introduction 

 

Self-employment Income Support Scheme 

This scheme is for those self-employed or a member of a partnership who have lost income due to coronavirus, allowing you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months (maybe extended if needed). 

You cannot apply for this scheme yet. HMRC will contact you if you are eligible for the scheme and invite you to apply online. 

 

Emergency Funding for Charities, Community Groups, Social Enterprises and Voluntary Organisations working in Scotland 

The Scottish government has also announced a £20 million Third Sector Resilience Fund for eligible organisations that already deliver services and products but find themselves in financial difficulties directly as a result of the coronavirus pandemic. 

The Fund will be delivered by Firstport, Social Investment Scotland and the Corra Foundation and will provide grants of between £5,000 and £100,000 or fully flexible zero per cent interest loans of £50,000 or more. 

To be eligible, interested organisations must be: 

  1. a charity, social enterprise or voluntary organisation based in Scotland and/or primarily delivering services/activities in Scottish communities; 

  1. already delivering those products or services prior to March 2020; 

  1. and needing funding to stabilise cashflows directly as a result of the impact of COVID-19, as opposed to pre-existing financial difficulties 

 

CAF CORONAVIRUS EMERGENCY FUND

This Fund is to help smaller charitable organisations in the UK affected by the impact of Covid-19. Grants of up to £10,000 are available: 

https://www.cafonline.org/charities/grantmaking/caf-coronavirus-emergency-fund

 

Enterprise Relief Fund - The Princes Trust & Natwest

"Grants can be used to maintain core business operations during the crisis, as well as meet any existing financial commitments, such as paying for essential equipment or settling invoices from suppliers. Additionally, grants will also support young people to diversify their business to respond to opportunities created by the crises. In conjunction with grants, the initiative will offer one-to-one support and guidance to any applicants who need it."

"To be eligible to apply, you must be a business owner aged 18 to 30, who set up their business in the last four years and don't have any other source of income during the crisis."

 

Support for Social Enterprises 

Just Enterprise are working with partners across Scotland to provide support for Social Enterprises:   

             One to one advice in relation to COVID 19-related challenges 

             Webinars

             Forums 

             Online learning