2,051 FIFE BUSINESSES GET £23 MILLION CASH SUPPORT DURING COVID-19 OUTBREAK

Published date : 01 May 2020

Mid Fife and Glenrothes MSP, Jenny Gilruth, has welcomed new figures showing that 2,051 businesses in Fife have received Scottish Government grants to support firms through the coronavirus outbreak.

A total of £23.83 million has been awarded in Fife through a Scottish Government scheme to support small businesses and the retail, hospitality and leisure sector.

Across Scotland, this grant support is worth over £1 billion to business and is part of the wider business support package worth £2.3 billion.

So that funding can be distributed as quickly as possible, eligibility for the grant scheme is linked to the non-domestic rates system.

Jenny Gilruth MSP said:

“This is a very difficult time for businesses.

“This Scottish Government funding is designed to support firms and ensure that our economy is on the best possible footing when we get through this health crisis.

“Our support for business is now worth £2.3 billion, which is more than we have received from the UK Government and actively works to fill the gaps in the UK schemes with tailored support for the Scottish economy.

“I encourage all businesses in Fife to ensure they are receiving the support they’re entitled to.”

ENDS

Notes:

A £10,000 grant is available to non-domestic ratepayers with properties in receipt of:

  • Small Business Bonus Scheme relief (SBSS) or Rural Relief
  • Nursery Relief, Disabled Relief, Business Growth Accelerator, Discretionary Sports Relief, Enterprise Areas Relief or Fresh Start but eligible for SBSS

A £25,000 grant is available to the ratepayers of properties in the retail, hospitality and leisure sectors with property with a rateable value between £18,001 - £51,000.

https://www.gov.scot/publications/coronavirus-covid-19-business-support-fund-grant-statistics/

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