4,800 FIFE BUSINESSES GET £53.5M CASH SUPPORT THROUGH CRISIS
Published date : 13 Jul 2020
New figures show that 4793 businesses in Fife have received support from the Scottish Government to support them through the coronavirus crisis.
A total of £53.59 million has been awarded to businesses in Fife through a Scottish Government scheme designed to support small businesses and the retail, hospitality and leisure sector.
Across Scotland, over 83,000 grants valuing £942 million have been awarded through the Small Business Grant Scheme and the Retail, Hospitality and Leisure Business Grant Scheme.
Commenting, Mid Fife and Glenrothes MSP Jenny Gilruth said:
“This pandemic has put real pressure on businesses across Fife.
“The SNP Government has provided swift and substantial financial help to support firms and ensure that our economy is on the best possible footing when we get through this unprecedented crisis.
“This package of support for businesses is welcome, and will help alleviate the hardship some individuals and businesses in Fife may be facing.
“I’d continue to encourage any eligible businesses facing economic instability to apply for the support offered by the Scottish Government.”
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.