Grant Funding | Glasgow Chamber of Commerce

Grant Funding

 

£100m business support fund for self employed and SMEs [FUND CLOSED]

The £100 million fund (announced on 21 April) to support the self-employed and SMEs is broken into three separate funds:

  • £20 million Creative, Tourism & Hospitality Enterprises Hardship Fund
  • £ 90 million Pivotal Enterprise Resilience Fund 
  • £34 million Newly Self-Employed Hardship Fund

 

Glasgow City Council business grant [fund closed]

Glasgow City Council business grant - retail, hospitality, leisure [fund closed]

Providing further £25,000 grants to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000.

Third Sector Resilience Fund [LIVE]

The Third Sector Resilience Fund (TSRF) is a £20m emergency fund for charities, community groups, social enterprises and voluntary organisations working in Scotland. The fund will support organisations that already deliver services and products but find themselves in financial difficulties directly as a result of the coronavirus pandemic. The primary intention of the fund is to help third sector organisations to stabilise and manage cash flows over this difficult period.

 

£38 Million Support Package For High Growth Companies

A comprehensive package of support for innovative early stage businesses whose routes to investment and growth have been impacted by coronavirus (COVID-19) has been announced by Economy Secretary Fiona Hyslop (10 July). 

The £38m package, managed by Scottish Enterprise, includes three levels of support to meet the needs of the most promising businesses at different stages of early growth:

  • £3m allocated as grants of up to £50k plus advisor support for start-ups identified as having the most significant potential to grow and attract future investment;
  • A competitive £25m Early Stage Growth Challenge Fund to provide successful applicants with a mix of grant and investment funding up to a maximum of £300k;
  • This support will help equity-backed businesses to continue innovating through the pandemic and bridge the gap to their next investment round. The fund will open to applications on Monday 20 July; and
  • An additional £10m for Scottish Enterprise’s existing Scottish Investment Bank co-investment funds to help stimulate private investment and support businesses that need more significant levels of funding to grow rapidly. 

Further information is available on https://findbusinesssupport.gov.scot 

Applications open on Monday 20 July and close on Friday 31 July.

 

£14 million Hotel Recovery Programme

Programme aims to secure up to 3,000 jobs at Scotland’s larger hotels until the start of the summer 2021 tourism season. Eligible businesses can apply for individual grants of up to £250,000 in addition to a suite of wrap-around business support and advice.  The Programme will be jointly administered by the Scottish Government’s enterprise agencies and builds on the existing funding and support for tourism businesses through the Creative, Tourism and Hospitality Hardship Fund and the Pivotal Enterprise Resilience Fund. 

The Enterprise Agencies (Scottish Enterprise, Highlands and Islands Enterprise, South of Scotland Enterprise and VisitScotland) will begin taking expressions of interest for the Hotel Recovery Programme in late August.

 

Self catering support  

VisitScotland will deliver £1 million in grants to self-catering businesses that have not received any other Scottish Government COVID-19 support. Businesses that apply and meet the criteria will be eligible for a one-off £10,000 grant to support them through the winter season. 

Applications for the self-catering support scheme will open in early August.

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