This week the Finance Secretary, Kate Forbes announced a significant top-up to the grant support available for hospitality, retail and leisure businesses across Scotland closed by level 4 restrictions.

In addition to the grants businesses receive through the Strategic Framework Business Fund, eligible businesses will also get a one-off grant of:

• £25,000 for larger hospitality businesses (rateable value of £51,001 or more) on top of the 4-weekly £3,000
• £6,000 for smaller hospitality businesses (rateable value of £51,000 or less) on top of the 4-weekly £2,000
• £9,000 for larger retail and leisure businesses (rateable value of £51,001 or more) on top of the 4-weekly £3,000

£6,000 for smaller retail and leisure businesses (rateable value of £51,000 or less)  on top of the 4-weekly £2,000

In most cases, eligible businesses that have already applied for the 4-weekly payment from the Strategic Framework Business Fund will get an automatic top-up. For the majority, this top-up will be combined with the next tranche of payment for the Strategic Framework Business Fund due on 25 January.

If you haven’t yet applied for either of these funds should submit an application as soon as possible through your local authority website.

Get in touch

If you have any questions regarding this, please do not hesitate to get in touch with me, Ryan Diplexcito on: ryan.diplexcito@jcca.co.uk or your usual Johnston Carmichael adviser.