Business Financial Support – Update 23 October

The First Minister has said that some restrictions on business are likely to be necessary and at times might require businesses to limit trade significantly or close.

No matter what level they will be at, the following support will be available:

Businesses required by law to close will be eligible for grants of either £2,000 or £3,000 for every four weeks they have to remain closed.

And those which can remain open but can’t trade normally due to restrictions, will be eligible for grants of £1,400 or £2,100 for every four weeks the restrictions are in place.

The First Minister said that no extra funding has been guaranteed for Scotland in yesterday’s announcement, so the Scottish government won’t be able to fund these measures indefinitely.

The Scottish government will be pressing for a resolution.