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19/03/2020

Scottish Government Support Package for Business

Scottish Government Support Package for Business

In her speech to Parliament on 18th March, the Cabinet Secretary for the Economy Fiona Hyslop said that the Scottish Government would mirror the package of measures that was announced by the UK Chancellor. The £2.2bn support from the Scottish Government includes:

• A full year’s 100% non-domestic rates relief for retail, hospitality and tourism
• £10,000 grants for small businesses in receipt of the Small Business Bonus Scheme or Rural Relief
• £25,000 grants for hospitality, leisure and retail properties with a rateable value between £18,000 and £51,000
• 1.6% relief for all properties, effectively freezing the poundage rate next year
• Halting the introduction of the Visitor Levy Bill.

Please note that this announcement supercedes the £320m package of support announced by the Cabinet Secretary for Finance on 14thMarch.

In addition to the measures outlined above, the Scottish Government have:

• Set up a dedicated business helpline number (0300 303 0660) for those with questions about the impact of COVID-19. The helpline will be open Monday to Friday 8.30am to 5.30pm.
• The Scottish Government are preparing a £50m fund for those who have lost their jobs as a result of measures taken to limit the spread of the virus.
• The Scottish Government have also convened the Scottish Tourism Emergency Response Group (STERG) which met for the first time on 17th March. The group is chaired by VisitScotland and includes representatives of the industry (including the ASSC), the Scottish Government Tourism Team, Scottish Tourism Alliance, Scottish Enterprise, Highlands and Islands Enterprise, South of Scotland Enterprise, transport sector and tourism organisations. STERG have the commitment of three calls per week with the Cabinet Secretary for Tourism, Fergus Ewing MSP

For more information from Scottish Government see: help with non-domestic rates in Scotland during coronavirus (COVID-19)

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