See below today’s update on supporting businesses and our thanks again to Argyll and Bute Council for passing on this key information :
- Additional Scottish Government support. The Council website has been updated to reflect the announcement and highlight that details are not yet available. Discussions continue to develop the detail of the £100m scheme and how it will be administered by local authorities and enterprise agencies
- Chancellor expands loan scheme for large businesses all viable businesses with turnover of more than £45m will be able to apply for government-backed support. Firms with turnover of more than £250 million can borrow up to £50 million from lenders. This complements existing support including the COVID Corporate Financing Facility and the Coronavirus Business Interruption Loan Scheme. loan-scheme-for-large-
businesses:https://www.gov.uk/government/ news/chancellor-expands-loan- scheme-for-large-businesses? utm_source=e1eae5d2-6726-4b01- a7b4-29c502d3659a&utm_medium= email&utm_campaign=govuk- notifications&utm_content= immediate - The National Lottery Heritage Emergency Fund is now open for applications for funding from £3,000 to £50,000. Applicants must be; a not-for-profit organisation and a current or previous recipient of a grant and an owner, manager or representative of heritage, or have delivered participatory heritage activity. Local authorities cannot apply. https://www.heritagefund.org.
uk/funding/heritage-emergency- fund
Business Support Grant as of close of play 16 ApriL
- 1056 applications have been processed. By grant type, 952 have been processed for the £10k grant with 899 approved, and 104 processed for the £25k grant, with 92 approved
- £11.29m has now been awarded
- 1931 applications have been received
- A news story highlighting the number of grants awarded has been posted on the Council website https://www.argyll-bute.gov.
uk/news/2020/apr/business- grant-support-update
The Council’s website includes a summary of the current support available for businesses https://www.argyll-bute.gov.
Please do call or e mail for any assistance regarding this tranche of information:
t : 07765 770858