COVID-19

COVID 19 - Funding Information and Support


We are aware that this is a very challenging time for individuals and businesses and COVID-19 is having a significant impact. We will regularly update this page with funding opportunities and support available.

We are available Monday – Friday, 9am to 5pm. You can contact us by emailing invest@angus.gov.uk and we will reply as soon as possible.

Coronavirus Financial Support for Self Employed

Please view our dedicated page for self-employed funding and support information.

Coronavirus Financial Support for Businesses

The UK Government has created a tool to help find what support is available to businesses. Coronavirus (COVID-19) support is available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants. Find financial support for your business. 

See below for details of current funding opportunities.

Update: If your business has already applied to the business restrictions fund, payments will be automatically adjusted for the move into Protection Level 4 and you do not need to reapply. 

If your business is required to close by law or to significantly change its operations due to COVID-19 restrictions from 2 November 2020 onwards, you may be eligible to apply for grant funding from the Coronavirus (COVID-19): Strategic Framework Business Fund.

Check to see if your business is eligible. 

Within Protection Level 4, you can apply for a:

  • temporary closure grant – £2,000 or £3,000 (depending on rateable value) if your business is required to close by law.

Whilst Angus remains in Protection Level 4, the Business Restrictions Fund is not available as this only applies within Levels 2 and 3. Businesses applying to the closure fund now will receive a backdated payment for the restrictions fund if they were eligible.

From 1 January 2021 there will no longer be an upper limit on future payments for any eligible business operating multiple premises.  Businesses already in receipt of payments need not reapply.

Eligible businesses will be funded for the period of any closures or restrictions.

Payments will be administered by local authorities, and you do not need to re-apply if restrictions are extended beyond four weeks, or if the Level in your area changes.

Payments, four weekly in arrears, will be based on a weekly pro-rata grant amount reflecting the level of restrictions which are in place during the period, and the period of time they applied.

March payments for the SFBF will be made on Monday 22 March. Businesses making a new application must do so by Monday 15 March in order to be processed for payment in March. If you have not supplied the correct documentation to support your application this will cause delays and could impact payment of your grant payment.

Make an application to the Strategic Framework Business Fund.

Before starting your application, please have the following information to hand:

  • Recent bank statement showing account number, sort code, business name and business address (these details must match those on your application)
  • HMRC documentation (or official correspondence displaying UTR number)
  • Proof of Company incorporation Number
  • Proof of rates paid by your business

Failure to provide this information on submission may delay your application. Please use the comment box on the form to inform us of your circumstances of closure or restrictions affecting your business that will help us.

Please also ensure that documents uploaded are in the correct format – accepted files types are .bmp, .csv, .doc, .docx, .jpeg, .jpg, .jpe, .pdf, .png, .tiff, .tif, .xls, .xlt, .xlsx. Please note that documents can be scanned or photographed and uploaded if you do not have electronic copies available.

If your application is rejected, please do not submit another application. For further information or to query the decision, please contact invest@angus.gov.uk.

This support is separate from, and in addition to, the Coronavirus (COVID-19) Restrictions Fund to support employees and businesses impacted by local COVID-19 restrictions, from 9 October until 1 November. Applications for that funding closed on 3 November. 

In addition to the grants businesses receive through the Strategic Business Framework Fund, eligible businesses received a one off top up grant of:

£25,000 for larger hospitality businesses on top of the 4-weekly £3,000

£6,000 for smaller hospitality businesses on top of the 4-weekly £2,000

£9,000 for larger retail and leisure businesses on top of the 4-weekly £3,000

£6,000 for smaller retail and leisure businesses on top of the 4-weekly £2,000

As per guidance from Scottish Government, restaurants, bars, pubs, licensed social and sports clubs, cafes and hotels were in scope for the hospitality top up payment. Other accommodation providers (self-catering, B&Bs, guesthouses, campsite and caravan parks) are not eligible.

Eligible businesses who applied for the 4-weekly payment from the Strategic Framework Business Fund have received an automatic top-up payment.

Please note – businesses who applied to the SFBF after 5 February are not eligible for a top up grant.

The purpose of this discretionary fund is to support Angus based businesses that have been impacted by COVID-19 restrictions and regulations and have had no financial support since 9 October 2020.

This funding is aimed at micro and small businesses (less than 50 staff) across all sectors and company types, including those that do not pay Non Domestic Rates.

This funding is specifically for:

• businesses that supply goods or services to those who have been closed or restricted (such as caterers; events/conference organisers, bands, DJs, photographers etc.) cleaning – businesses; tradespeople; facilities management businesses; food/drink suppliers/wholesalers; AV companies

• businesses facing hardship as a consequence of the current restrictions (such as kennels and catteries; tour guides; removals; dog groomers)

• businesses who do not have business premises and are therefore ineligible for grants attached to the rates system (such as home-based, renting space in other premises e.g. chairs in salons, desks in offices)

If you have received support from, or are eligible to receive support from, schemes introduced since October 2020 you should not apply to this fund.

This fund is limited; therefore assessment will be based on those businesses facing the greatest impact through significant loss of income.

The fund will pay out one-off grants of £2000.

The fund is now open for applications. See the Angus Council website to make an application.

Eligible applicants to the Mobile and Home-Based Close Contact Services Fund will receive a one-off £4,000 payment (£2,000 for the period to end December 2020 and a further £2,000 to cover the period from January 2021 onwards).

To be eligible for this grant you must:

  • have been operating your business before 17 March 2020
  • have lost income as a result of Covid-19 restrictions
  • meet all of the eligibility criteria

This fund is for owners and operators of mobile and home-based close contact service businesses and for registered driving instructors. It is not for employees of those businesses. If you are an employee of one of those businesses you should speak with your employer on your eligibility for support through the UK Government’s Job Retention scheme.

The fund will remain open for a four-week period. The deadline for applications is 5pm on 16 March 2021.

See the Scottish Government website for details of eligibility and to apply.

If you are involved in a collaborative initiative that promotes and celebrates regional food and drink, the Scotland Food & Drink Partnership Regional Food Fund may be able to offer you funding.

The Regional Food Fund offers grants of up to £5,000 to support projects and initiatives that promote the development of food and drink across Scotland. The funding is aligned to the Food Tourism Scotland Action Plan and is part of the Scotland Food & Drink Partnership’s Recovery Plan, supported by Scottish Government.

The fund is specifically aimed at collaborative projects that:

  • Contribute to the food and drink sector’s recovery from Covid-19
  • Contribute to the promotion and sales of regional produce
  • Develop food tourism
  • Benefit a region or community, not just one business
  • Can be delivered by 31 December 2021

See the Scotland Food & Drink website for further details and to apply.

The Newly Self Employed Hardship Fund offers a one-off £4,000 payment for those whose status as being newly self-employed makes them ineligible for the UK Government’s Coronavirus (Covid-19) Self-employment Income Support Scheme.

To be eligible for the Newly Self-Employed Hardship Fund, you must be able to demonstrate that you:

  • (i)  Became self-employed on or after 6 April 2019 but before 17 March 2020 (and are therefore ineligible for the UK Government’s Self Employment Income Support Scheme because you did not submit a tax return including income from self-employment for 2018-19)

or

  • (ii)  Became self-employed between 1 October 2018 and 6 April 2019 but are ineligible for the Self Employment Income Support Scheme (SEISS) because you weren’t self-employed for a sufficient period of time in the 2018/19 Financial Year to demonstrate that you derived 50% of your income from self-employment

The fund will remain open for a four-week period. The deadline for applications is 5pm on 16 March 2021.

If you received funding through the first round of the Newly Self-Employed Hardship Fund launched in April 2020, you are still able to apply for support. This is a follow-on from that scheme and recognises the need for further help with living costs.

See the Scottish Government website for full details of eligibility and to apply.

If you are a licensed taxi or private hire driver experiencing financial challenge as a result of coronavirus (COVID-19) you may be eligible to receive a one-off grant of £1,500.

You may be eligible for this grant if you are a taxi or private hire driver and have been licensed for the period 9 October 2020 to at least 31 January 2021. This does not include drivers whose licenses were suspended on or before 31 December 2020.

If you held a license with Angus Council for the period 9 October 2020 until at least 31 January 2021, you will have received communication advising you how to apply for the financial support. If you have not received any communication but believe you are entitled to claim please contact LAWLicensing@angus.gov.uk.

Find more details on eligibility.

The Campervan and Motorhome Rental Operators Fund has been established to provide financial support to Scottish businesses in the campervan and motorhome rental sector that have been severely affected by the impact of the COVID-19 pandemic, to help keep them in business while restrictions on opening and travel are still in place, and to support them to prepare to operate in 2021 when restrictions are lifted.

This fund will be open to business that are engaged in campervan and motorhome rental as set out within the guidance notes.

Applications will be open from 12pm on 11 March 2021 until 5pm on 18 March 2021.

See the VisitScotland website for full details of eligibility and to apply.

The Hostel COVID-19 Business Support and Continuity Fund has been established to provide financial support for the Scottish based hostel sector.

Following feedback from industry and recognising a funding gap for larger hostels in Scotland, a second strand of the fund has been created to support hostels in Scotland with a rateable value above £51,000 who were not eligible for the first strand of funding.

A two-strand approach to grant funding is necessary to meet the needs of the sector:

Strand one is now closed for applications: it supports hostels in Scotland with a rateable below £51,000. We hope to have processed applications in the next few weeks and appreciate your patience. We need to complete all assessments and appeals within part one of the fund, before we can finalise a funding offer to individual businesses. Businesses will be notified of the outcomes shortly.

Strand two is open for applications from 12pm on Tuesday 9 March until 12pm on Tuesday 16 March 2021: it is open to proprietors of large hostel businesses with a rateable above £51,000. The eligibility criteria mirrors that of strand one.

If you applied to strand one of the fund, but also own or lease hostels which meet the eligibility criteria for strand two, you can apply and be successful to strand two of the fund. Grant awards made under either strand of the fund must only be used on the hostel to which they relate.

See the VisitScotland website for full details and to apply.

On behalf of the Scottish Government, VisitScotland have widened the scope of the Scotland Inbound Tour Operators – COVID-19 Business Support and Continuity Fund criteria to support more Scottish based businesses in the tour operator sector critical to Scotland’s tourism economy.

This Fund is intended to support inbound tour operators and/or DMCs operating in Scotland who promote and sell packaged product (holidays in Scotland) to international markets who are facing financial problems due to the impact of COVID-19. The purpose of this Fund is to support the financial continuity of eligible businesses through the next 4-6 months when it is hoped that trading will start to recover.

Applications for the Scotland Inbound Tour Operators – COVID-19 Business Support and Continuity Fund will be open from 12pm on Thursday 25 February 2021 until 5pm on Thursday 4 March 2021.

See the VisitScotland website for full eligibility details and to apply.

On behalf of the Scottish Government, VisitScotland have introduced a new fund – the Scotland Day Tour Operators – COVID-19 Business Support and Continuity Fund to support more Scottish based businesses in the tour operator sector critical to Scotland’s tourism economy.

Applications for the Scotland Day Tour Operators – COVID-19 Business Support and Continuity Fund will be open from 12pm on Thursday 4 March 2021 until 5pm on Thursday 11 March 2021.

This Fund is intended to support the day tour operators’ sector who are facing financial problems due tothe impact of COVID-19.

For the purposes of this Fund:

a ‘Day Tour Operator’ is defined as:
A business which offers a land based day tour experience or land based multi-day tour experience in Scotland which does not include accommodation but does include motorized transport.

a ‘day tour or multi-day tour’ is defined as:
a single or multi-day land based tour experience in Scotland which does not fall under The Package Travel and Linked Travel Arrangements Regulations 2018.

See the VisitScotland website for full eligibility criteria and to apply.

Scotland’s Tour Guides Fund has been established to provide financial support to Scottish businesses in the attractions sector that have been severely affected by the impact of the COVID-19 pandemic, to help keep them in business while restrictions on opening and travel are still in place, and to support them to prepare to operate in 2021 when restrictions are lifted.

This fund will be open to businesses that are engaged in eligible ‘tour guiding’ activities.

Applications for the fund are open from 12pm Wednesday 3 March until 5pm Wednesday 10 March 2021.

See the full eligibility criteria and apply on the VisitScotland website.

The Covid-19 Public Transport Retrofit Fund supports the installation of measures needed to reduce the risk of COVID-19 transmission on vehicles and aims to improve capacity and increase public confidence while on board.

Applications to this fund are now open. The deadline for applications is 15 March 2021.

Anyone interested in the fund is encouraged to submit an application as soon as possible to ensure the best possible chance of securing funding.

Applications for the COVID-19 Public Transport Retrofit Fund are assessed on an ongoing, first-come-first-served basis until funding is fully allocated or the end of the financial year, whichever is first.

Find out more about the Covid-19 Public Transport Fund including application forms via the Energy Saving Trust website.

If you run a zoo or aquarium in Scotland and are experiencing financial hardship as a result of the coronavirus (COVID-19), you may be able to apply for a 0% unsecured loan or grant of up to £100,000 from the Scottish Government to pay for three months of animal care costs.

The fund is:

  • in place to protect the welfare of animals living on site or by rehoming
  • intended as emergency funding for zoos and aquariums that have already taken up other forms of government and non-government support
  • not primarily aimed at saving businesses

Round 2 applications are now open – deadline for applications is 10 March 2021.

See the Scottish Government website for further details of eligibility and to apply.

The DigitalBoost Development Grant is available through DigitalBoost, Business Gateway’s national digital training programme for businesses, is funded by The Scottish Government and will help businesses upskill and invest in their digital capabilities as they work to overcome the challenges they face now and build for Scotland’s economic recovery.

VAT registered businesses will be able to access up to £25,000 while non-VAT registered business can benefit from up to £5,000 of funding. Grant recipients will be expected to contribute at least 25% of the cost of their project.

The grant is open to all businesses across Scotland who are looking to enhance their service or organisation using digital technology, platforms and innovation. All sectors can apply.

See the website for eligibility criteria and how to apply.

The fund is open for applications from Tuesday 12th of January 2021. Applications will be processed on a first come, first served basis.

Please note – current levels of applications are in excess of the available budget for the DigitalBoost Development Grant, therefore new applications have been suspended. Please check back for regular updates.

The Coronavirus Job Retention Scheme (also known as the furlough scheme) has been extended until 30 April 2021. You can claim 80% of an employee’s usual salary for hours not worked, up to a maximum of £2,500 per month.

Claims can be made by employers across the UK that meet the eligibility criteria.

See the policy paper for updated details on:

  • eligibility criteria for employers and employees
  • what employers will need in order to claim
  • updated information on reference data to calculate those claims

Claims for furlough days in December 2020 must be submitted by 14 January 2021.

You can no longer submit claims for claim periods ending on or before 31 October 2020.

The Coronavirus Statutory Sick Pay Rebate Scheme opened on 26 May. Businesses with fewer than 250 employees can apply to HMRC to recover the costs of paying COVID-19-related Statutory Sick Pay.

The repayment will cover up to two weeks of SSP, and is payable if an employee is unable to work because they:

  • have coronavirus; or
  • are self-isolating and unable to work from home; or
  • are shielding because they’ve been advised that they’re at high risk of severe illness from coronavirus

If you use an agent who is authorised to do PAYE online for you, they will be able to claim on your behalf. Employers who are unable to claim online should have received a letter on an alternative way to claim. Contact HMRC if you have not received a letter and are unable to make any eligible claims online.

Find out more about the Coronavirus Statutory Sick Pay Rebate Scheme and how to apply.

The Kickstart Scheme is a new £2 billion fund to create job placements for 16 to 24 year olds who are on Universal Credit and are deemed to be at risk of long term unemployment.

Funding is available for each job will cover 100% of the relevant National Minimum Wage for 25 hours a week, plus the associated employer National Insurance contributions and employer minimum automatic enrollment contributions. There is also £1,500 per job placement available for setup costs, support and training.

The Kickstart scheme has changed. Businesses no longer need a minimum of 30 job placements to apply directly for a grant. You can now apply for a Kickstart Scheme grant by either applying online yourself or getting help from a Kickstart gateway who is already working with the Kickstart Scheme.

Businesses can submit an application via the UK Government website.

Crowdfunder  UK is offering zero platform fees for those fundraising to start up a new business after being affected by Covid-19.

This project fund has been opened up for Accredited Scottish museums that have not been eligible for the Recovery & Resilience Fund.

Local Authority museums, museums managed by ALEO’s and University museums can apply for up to £60,000 to deliver projects that will help them build resilience and address some of the challenges brought about by the Coronavirus pandemic.

Applicants can apply for up to £60,000. There is no specific match funding requirement but in the interests of ensuring that funds can support as many strong projects as possible, Museums Galleries Scotland are keen to see a financial contribution to the project from your organisation whenever this is possible. Match funding from other sources is also welcomed.

There will be two rounds of funding:

Round 1 closing date: 13 November 2020 at 5pm.

Round 1 award date: 18 December 2020.

Round 2 closing date: 5 February 2021 at 5pm.

Round 2 award date: 12 March 2021

Apply online via the Museums Galleries Scotland website.

Scotland’s Events Recovery Fund (SERF) has been established in conjunction with Scottish Government to help Scotland’s events sector plan and deliver events through to the end of 2021, and to provide support as the industry responds and adapts to the effects of COVID-19.

As part of our tourism and events recovery plan, this fund aims to help restart the events sector as restrictions are eased, and address additional costs which may be incurred as a result of new hygiene and health and safety requirements, allowing communities and the public to regain confidence in hosting and attending events.

A total of £2.75 million is available for eligible events planned to take place before the end of 2021. This is an open fund without a fixed application deadline. It is anticipated that up to £1.5m in funding may be awarded for applications received up to 31 December 2020, and that the remainder will be retained to support applications received between 1 January and 31 March 2021.

The fund is designed to support innovation by organisers in planning events, and applicants are encouraged to seek viable solutions, pilot new ideas and share best practice in their event plans.

There are two routes to funding available:

A.         Community Events, and Events with existing EventScotland funding offers.

Awards of between £1,000 – £5,000 are available for eligible event organisers in Scotland.

B.         Events supporting the visitor economy (e.g. regional and Scottish domestic tourism).

Awards of between £5,000 – £35,000 are available to larger scale events.

Find out more, and apply to the fund.

The Flexible Workforce Development Fund (FWDF) provides employers in Scotland who are UK Apprenticeship Levy-payers with flexible workforce development training opportunities within the high-quality learning environments available in Scotland’s colleges. It is also open to SMEs across the private, public and third sectors.

Eligible employers can use the FWDF to address priority skills gaps in their organisation by accessing up to £15,000 in funding to create tailored training programmes with their local college.

SMEs will be able to access up to £5,000 of college and Open University training.

The fund is flexible and allows employers to choose the training that will bring the greatest benefits to their organisation, while motivating and engaging their employees. The fund can be used to completely cover training or to partially cover training at a higher cost.

For Levy-paying employers who are interested in using private training provision administered through SDS, you need to fill out an enquiry form.

For all other FWDF enquiries, including SME applications and how to apply, please visit the Scottish Funding Council website

The BT Small Business Support Scheme introduces a range of new measures to help small business boost their connectivity, cash flow and confidence.

Boosting Connectivity

Funding ultrafast business connections: BT is helping to fund the total cost of an Ethernet line by subsidising the total cost by up to £2,500 per customer.

Bursaries for UK start-ups: BT has launched a new bursary scheme to give 1,000 UK start-ups and entrepreneurs a financial head start. Eligible companies can apply for a bursary to benefit from six months free fibre broadband and mobile bundles. You’ll need to have set up your company after 1 October 2019 and be taking BT Broadband for the first time.

Helping small businesses to go cashless: BT is preparing to launch a new digital payments solution, to help small businesses move to cashless transactions. Further details will be announced in due course.

Building Confidence

Helping small businesses access the full power of digital and social media advertising: BT is looking to help small firms across the UK to better promote their goods and services online. More details will be announced in due course.

Supporting small businesses through mentoring: BT is introducing a new mentoring scheme for small businesses, to provide them with free access to its expertise across strategy, marketing, sales, and more. BT will support businesses via Digital Boost, a free non-profit platform uniting digital experts with leaders of small businesses and charities.

Helping small businesses acquire new digital skills: Help for small businesses with digital skills training is available through BT’s Skills for Tomorrow .BT has released new learning content on crucial topics, including how to prevent cyber-attacks and using social media to reach new customers.

Find out more about the BT Small Business Support Scheme.

This fund aims to enable creative organisations  to explore ways of working that will help them to adapt and respond to the current changing circumstances.

Due to a funding boost the fund threshold has been raised. Organisations and individuals can now apply for funding of between £1,000 and £100,000.

Funding for Individuals – Freelance and self-employed artists and creative practitioners in Scotland can apply for projects supporting the development of their practice.

Funding for Organisations – Organisations and groups based in Scotland whose work or project involves the arts, screen and creative industries.

Find out more about this fund.

The Community & Third Sector Recovery Programme is a £25 million programme providing specialist advice and financial support (grants and loans).

The aim is to help organisations to adapt and change so they can re-open and operate sustainably post-COVID whilst continuing to have a positive impact on people and communities.

This programme will have two strands, the Adapt & Thrive Programme and the Communities Recovery Fund.

The Adapt & Thrive Programme aims to support organisational change. Working with an advisor, organisations will be supported to develop a plan so they can operate sustainably post-COVID. Funding to implement the plan is also available in the form of grants (£5,000 – £25,000) and flexible 0% interest loans (from £25,000 to £250,000). In some cases, a blended approach of both grant and loan may be recommended. When this is the case, the minimum loan ‘portion’ that can be offered is £25,000.

The Adapt & Thrive Programme will run until March 2021.

The Communities Recovery Fund aims to support the delivery of services in communities that were suspended or reduced because of COVID, or the creation of new services that tackle new challenges presented by COVID. This fund will offer grant support of between £5,000 – £25,000 to implement changes to facilities, services and activities and up to £75,000 for partnership applications.

Applications for both funds are open now. Find out more.

In some cases, there will be an overlap and organisations may wish to access both Adapt and Thrive and Communities Recovery programmes. The single online application form covers both of these funds meaning the applicant can request support from both programmes and will be prompted to complete all relevant questions.

This means that, while an organisation’s request will be assessed separately by each strand, the organisation only needs to complete one form and its request can be assessed simultaneously. To receive support from both, an organisation will need to meet all relevant criteria for each programme.

This fund is to support organisations to continue their operations in the ‘new normal’, to re-establish or re-design their activities to comply with new regulations in addition to providing emergency support for those who need it most.

The funding is to support constituted community groups and charities that are responding to the coronavirus pandemic in their local community with grants of between £1,000 and £5,000. Only constituted groups, with a governing document, can apply. Organisations must have an income of less than £250,000 to apply to this fund.

This fund cannot support the loss of income. Organisations seeking funding to assist with loss of income or support ongoing salary costs please visit the SCVO website for details on the Third Sector Resilience Fund and Supporting Communities Fund.

Application forms, fund guidance and FAQ’s can be accessed via the Foundation Scotland website.

The Low Carbon Infrastructure Transition Programme (LCITP) will provide project capital funding to stimulate and accelerate the delivery of low carbon energy opportunities across Scotland, including the provision of support to projects in urban, rural, island and remote parts of Scotland and areas that are off gas grid.

This LCITP funding invitation will target a minimum of £50 million of support for projects that demonstrate innovative low carbon heat solutions for buildings, as well as proposals for integrated energy systems that support the ambitions for Scotland to achieve net zero emissions by 2045 and further catalyse economic recovery from the challenges imposed by the COVID-19 Pandemic.

LCITP wishes to consider support for projects at capital readiness that can demonstrate a funding gap. For capital ready projects, support may be offered in the form of financial assistance for up to 50% of the total eligible capital costs of a project up to a maximum of £5 million per project, where capital costs covers financial costs associated with the build and installation of an exemplar project.

The deadline for submitting Expressions of Interest for this fund has now passed.

An application process timeline can be accessed via the Scottish Government website.

Aquaculture businesses affected by the collapse of international markets due to the coronavirus pandemic can apply to cover the costs of storing unsold stock

To be eligible you must be an Aquaculture Enterprise, broadly defined as a business practicing the farming of fish, crustaceans, molluscs, aquatic plants, algae, and other organisms.

The eligible costs you can apply for are the additional storage costs occurring between 1 February and 31 December 2020 as a consequence of the COVID‐19 outbreak.  These are expected to be the cost of refrigeration/freezing and transport. Other costs will be considered on a case by case basis.

Further details including application guidance and how to apply can be found via the Scottish Government website.

Before you make an Application please contact EMFF@gov.scot with brief details so your interest can be registered.

The Private Rent Sector Landlord Covid-19 Loan Scheme offers interest free loans to landlords whose tenants are having difficulty paying rent.

Applications are open now.

The loan is being delivered by the Energy Saving Trust on behalf of the Scottish Government.

Further information including online application form, general guidance and FAQs can be found via the Energy Savings Trust website.

Update: The Coronavirus Business Interruption Loan Scheme has been extended until 31 March 2021.

This scheme opened on Monday 20 April 2020. British Business Bank will operate the CLBILS via its accredited lenders. A lender can provide:

  • Up to £25 million to businesses with a turnover from £45 million to £250 million
  • Up to £50 million to businesses with a turnover of over £250 million

Not every accredited lender can provide every type of finance available under CLBILS, and the amount of finance offered varies between lenders. Please see the lenders’ websites for more information on the amounts they are able to offer.

Apply for the Coronavirus Business Interruption Loan Scheme and find a lender.

The COVID Working Capital Loan provides Scottish SMEs with a loan to help fund working capital and cashflow needs. Eligible businesses may be able to borrow between £25,000 and £100,000, or up to £250,000 in exceptional circumstances.

All borrowers will be given an initial 3-month capital and interest holiday, with interest fixed at 6% thereafter.

Businesses must be able to prove they were not previously in financial difficulty, were financially viable at 31st December 2019 and demonstrate that with the support of a COVID Working Capital Loan they can trade through this pandemic.

Businesses should have tried to access the Coronavirus Business Interruption Loan Scheme (CBILS) or Bounce Back Loan Scheme (BBLS) available from the UK Government before applying to Business Loans Scotland for a COVID Working Capital Loan. Current or previous borrowers from Business Loans Scotland, as well as those businesses which have successfully applied to the Coronavirus Business Interruption Loan Scheme (CBILS) or the Bounce Back Loan Scheme (BBLS) are also eligible to apply.

Applications can be made through the Business Loans Scotland website.

Update – The Bounce Back Loan Scheme has been extended until 31 March 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, you can top up your existing loan to your maximum amount.

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and up to 25% of a business’ turnover. The maximum loan amount is £50,000.

The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.

Apply for the Coronavirus Bounce Back Loan Scheme and find a lender.

The COVID-19 Corporate Financing Facility is designed to support liquidity among larger firms, helping them to bridge coronavirus disruption to their cash flows through the purchase of short-term debt in the form of commercial paper.

Companies – and their financial subsidiaries – that make a material contribution to the UK economy are able to participate in the facility.

Further information on eligibility can be found on the Bank of England website as well as details of a recent update to the terms of the CCFF.

The scheme is now open for applications.

The CCFF will close for new purchases of CP from eligible issuers with effect from 23 March 2021. This means that the Facility will make no purchases of CP after 22 March 2021.

The CCFF will also close to new applications from counterparties and issuers looking to become eligible on 31 December 2020.

Given that, as noted above, the CCFF will close to new applications from issuers at the end of 2020, the deadline for submitting a letter of commitment to the Bank for HM Treasury’s review is also 31 December 2020.

VAT registered businesses can apply a temporary 5% reduced rate of VAT to certain supplies relating to hospitality, hotel and holiday accommodation and admissions to certain attractions.

The temporary reduced rate will apply to supplies that are made between 15 July 2020 and 31 March 2021.

Hospitality

If you supply food and non-alcoholic beverages for consumption on your premises, for example, a restaurant, café or pub, you’re currently required to charge VAT at the standard rate of 20%. However, when you make these supplies between 15 July 2020 and 31 March 2021 you will only need to charge 5%. You will also be able to charge the reduced rate of VAT on your supplies of hot takeaway food and hot takeaway non-alcoholic drinks.

Hotel and holiday accommodation

You will benefit from the temporary reduced rate if you:

  • supply sleeping accommodation in a hotel or similar establishment
  • make certain supplies of holiday accommodation
  • charge fees for caravan pitches and associated facilities
  • charge fees for tent pitches or camping facilities

Admission to certain attractions

If you charge a fee for admission to certain attractions where the supplies are currently standard rated, you will only need to charge the reduced rate of VAT between 15 July 2020 and 31 March 2021. However, if the fee you charge for admission is currently exempt that will take precedence and your supplies will not qualify for the reduced rate.

Find out more.

If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can:

  • pay the deferred VAT in full, on or before 31 March 2021
  • join the VAT deferral new payment scheme
  • contact HMRC on telephone: 0800 024 1222 by 30 June if you need extra help to pay

The VAT deferral new payment scheme is open from 23 February 2021 up to and including 21 June 2021.

The scheme lets you:

  • pay your deferred VAT in equal instalments, interest free
  • choose the number of instalments, from 2 to 11 (depending on when you join)

How to join the new payment scheme

Before joining you must:

  • Create your own Government Gateway account (if you don’t already have one)
  • Submit any outstanding VAT returns from the last 4 years – otherwise you’ll not be able to join the scheme
  • Correct errors on your VAT returns as soon as possible.
  • Make sure you know how much you owe, including the amount you originally deferred and how much you may have already paid

To use the online scheme you must:

  • join the scheme yourself, your agent cannot do this for you
  • still have deferred VAT to pay
  • be up to date with your VAT returns
  • join by 21 June 2021
  • pay the first instalment when you join
  • pay your instalments by Direct Debit (if you want to use the scheme but cannot pay by Direct Debit, there’s an alternative entry route for you)

Find out more and apply to join the scheme on the UK Government website.

Trade Credit Insurance, which provides essential cover to business-to-business transactions, will receive up to £10 billion of UK Government guarantees.

The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of Trade Credit Insurance coverage maintained across the UK. The guarantees will support supply chains and help businesses to trade with confidence knowing that they will be protected if a customer defaults or delays on payment.

The scheme is available on a temporary basis for nine months, backdated to 1 April 2020, and running until 31 December 2020, with the potential for extension if required. The scheme will be delivered through a reinsurance agreement that is open to all insurers currently operating in the UK market, covering both domestic and overseas trade with payment terms of up to 2 years

Implementation of the scheme is subject to state aid approval, agreement of full form documentation with insurers and acceptance of applications from insurers for participation

Further information can be found via the News section of the UK Government website.