Scottish Government COVID-19 Restrictions Fund

The Scottish Government has published details of the new £40m Restrictions Fund to provide grants and employment support to assist businesses affected by the temporary restrictions put in place to slow down the spread of Coronavirus.

The new fund will provide:-

• One off grants of up to £3,000, depending on rateable value, to bars, restaurants and other businesses required to close by the regulations.

These grants will be distributed by local authorities. Up to £2,000 will be payable to businesses with a rateable value of up to £51,000 and for those with a rateable value of £51,001 or above the grant will be £3,000.

• Grants of up to £1,500 will be available to some businesses that remain open but are directly impacted by the restrictions, including those in the direct supply chains of organisations that had to close with effect from 9 October 2020.
• Up to £9m of funding to help with the costs of re-furloughing staff by supporting the 20% salary contribution currently required by the UK Government.

Payment mechanisms for this additional support are currently being identified by the Scottish Government. We will provide further information regarding this as soon as it becomes available.

• A discretionary amount of £11m will be available to assist businesses that need support but do not fall into the above categories. For example, play centres that have been unable to re-open this month.

https://www.gov.scot/news/protecting-jobs-and-businesses/

This blog was updated on 13 October 2020 and a link to the updated blog is below:-

https://jsca.co.uk/updated-scottish-government-covid-19-restrictions-fund/

The information in this blog provides only an overview of HMRC guidance and legislation in force at the date of publication and no action should be taken without consulting the detailed HMRC guidance and legislation or seeking professional advice.  Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this blog can be accepted by the firm.

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