Good afternoon,

THE PIVOTAL ENTERPRISE RESILIENCE FUND HAS NOW REOPENED FOR APPLICATIONS

We wanted to provide a further update on the Scottish Government’s Pivotal Enterprise Resilience Fund, a £90m support package for SME firms that are vital to Scotland’s economy and have been impacted by COVID-19.

The enterprise agencies are pleased to confirm that the Pivotal Enterprise Resilience Fund will reopen for new applications from mid-morning on Thursday, 14 May.  A pause had been in place since 5pm on Tuesday, 5 May to allow partners to review initial completed applications following an exceptionally high level of interest received from companies.

The additional £45million funding announced by the Scottish Government on Friday has been crucial to helps us meet the demand there has been for this funding.  We are continuing to work hard to process offers of grant applications so that all approved applicants can receive their funding as quickly as possible.

Alongside our partners, we continue to closely monitor the volume of new applications for the Pivotal Enterprise Resilience Fund and the £20 million Creative, Tourism & Hospitality Enterprises Hardship Fund. We expect both funds to reach their full capacity in the coming days, therefore anticipate these closing at 5pm on Monday, 18 May.

Scottish Enterprise, along with Highlands and Islands Enterprise and South of Scotland Enterprise, will continue to deliver these funds, with support from Creative Scotland and VisitScotland for the hardship fund.  Companies can apply at findbusinesssupport.gov.scot, where full eligibility criteria for each fund is also provided.