Job Retention Scheme
The Government’s Coronavirus Job Retention Scheme partially pays salaries of those who cannot work due to the coronavirus crisis, in order to avoid employers making redundancies. It closed to new applicants on June 30th.
The Kickstart Scheme provides funding to employers to create new 6-month job placements for young people aged 16 – 24 who are currently on Universal Credit and at risk of long-term unemployment.
If you are employing less than 30 Kickstart roles you need to apply through an intermediary representative organisation.
To register your interest please contact us at firstname.lastname@example.org
In addition to specific funding for charities and voluntary organisations to help them deal with the effects of coronavirus, some organisations with premises may be able to access extra rates reliefs (discounts) and one-off grants from the Scottish Government.
Retail, hospitality and leisure businesses can apply for a one-off Retail, Hospitality, Leisure Support Grant of £25,000. To apply, their rateable value needs to be between £18,001 and up to and including £51,000.
Small businesses can apply for a one-off Small Business Support Grant of £10,000 for the business ratepayers of a property which had a rateable value of £18,000 or less, and were, on 17 March 2020;
1) in receipt of the Small Business Bonus Scheme (SBBS),
2) in receipt of Rural Relief, or
3) eligible for SBBS but in receipt of Nursery Relief, Disabled Relief, Fresh Start Relief, Business Growth Accelerator Relief, Enterprise Areas Relief, Discretionary Sports Relief, or Charitable Rates Relief.
You can also apply for the Small Business Support Grant if you’re not the ratepayer but occupy certain types of space. For example shared office, business incubator or industrial space. You must lease the space from a landlord who is the registered ratepayer for the property.
To be eligible you must also:
- be a registered business or partnership
- have a lease signed before 17 March 2020
- employ at least one person
- have a business bank account
The reliefs will be available to non-domestic properties from 1 April 2020 to 31 March 2021. The closing date for applications was 10 July 2020.
Other third sector organisations who could be eligible to apply for this funding include animal welfare centres, bowling clubs, cricket clubs, galleries, golf clubs, leisure and sports centres, museums, tennis clubs, theatres and youth hostels.
Note: this help is targeted at businesses.
Coronavirus Business Interruption Loan Scheme (CBILS)
The CBILS scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million. Smaller businesses from all sectors can apply, but check the eligibility checklist for further information and the FAQ section.
Charities are in principle eligible if they satisfy the other eligibility criteria of the Scheme.
Note: Registered Charities are exempt from the requirement that 50% of the applicant’s income must be derived from its Trading Activity.
The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.
Note: The borrower remains fully liable for the debt.
How to apply
There are over 50 lenders participating in the scheme including all the main retail banks. Organisations should approach a suitable lender directly via the lender’s website. A full list of accredited lenders and partners is available.
Bounce Back Loans
The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000.
The requirement for more than 50% of the income of the business (together with that of any member of any group of which it is a part) is derived from its trading activity: this confirmation is not required if the borrower is a charity or a further education college.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Note: The borrower always remains fully liable for the debt.
How to apply
You should approach a suitable lender directly, ideally via its website. A list of accredited lenders and partners is available. You cannot apply for a Bounce Back Loan if you’re already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS).
Wider Government support
The Scottish Government has provided an additional £50 million to local authorities to support their response, £50 million will help meet the anticipated increase in applications for the Council Tax Reduction Scheme and Scottish social security benefits and £45 million has been made available for the Scottish Welfare Fund to assist local authorities meet increased demands for Crisis and Community Care grants. There is also a £25 million being kept in reserve to address emerging priorities.
Economic support schemes announced by Westminster are summarised in sections 4.1 and 4.2 of this policy paper.