CAPITAL BUSINESSES GET £49.45M CASH SUPPORT THROUGH CRISIS

SNP MSP Ash Denham has welcomed new figures showing that 3,784 businesses in Edinburgh have received Scottish Government grants to support firms through the coronavirus crisis.

A total of £49.45m has been awarded in Edinburgh through a Scottish Government scheme to support small businesses and the retail, hospitality and leisure sector.

This grant support is worth over £1 billion to business, and is part of the wider business support package worth £2.3 billion.

So that funding can be distributed as quickly as possible, eligibility for the grant scheme is linked to the non-domestic rates system.

Commenting, Edinburgh Eastern MSP, Ash Denham said:

“At an unprecedented time for business, the Scottish Government has made decisive interventions to support the Scottish economy so it is on the best possible footing to get through this health crisis.

“Grants of up to £25,000 have been allocated to a total of 3,784 businesses across the Capital totalling £49.45m, higher than any other local authority in Scotland, to support businesses in desperate need.

“The Scottish Government’s support for business is now worth £2.3bn, which is more than we have received from the UK Government and actively works to fill the gaps in the UK schemes with tailored support for the Scottish economy.

“We will come through this crisis together and I would encourage all businesses in my Edinburgh Eastern constituency, across the Capital, and across the country to ensure they are receiving the support they are entitled to.”

ENDS

Notes:

A £10,000 grant is available to non-domestic ratepayers with properties in receipt of:

Small Business Bonus Scheme relief (SBSS) or Rural Relief
Nursery Relief, Disabled Relief, Business Growth Accelerator, Discretionary Sports Relief, Enterprise Areas Relief or Fresh Start but eligible for SBSS
A £25,000 grant is available to the ratepayers of properties in the retail, hospitality and leisure sectors with property with a rateable value between £18,001 – £51,000.

https://www.gov.scot/publications/coronavirus-covid-19-business-support-fund-grant-statistics/

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