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More than £100 million awarded to Scottish businesses

Wednesday June 3rd, 2020

Small B&Bs now covered by support scheme.Scottish Flag

Businesses across the country have now been awarded more than £100 million through the Scottish Government Business Support Fund.

The scheme, announced by Cabinet Secretary Fiona Hyslop at the end of April, has to date helped more than 2,500 businesses and 4,160 self-employed people.

Now the fund, which started with £100 million of grant support for individuals and companies affected by COVID-19 and has since been topped up to £185 million, is being expanded.

Small B&Bs, who were ineligible for other support due to not having a business bank account, will be able to apply for a share of £3 million of funding which has been re-purposed from the Newly Self-Employed Hardship Fund.

This funding for small B&Bs will be administered by local authorities and applications are expected to open on 15 June.

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