COVID-19 financial assistance for businesses and communities

Financial assistance available to businesses and communities during the COVID-19 pandemic.

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Support from the Scottish Government

The Scottish Government has put a comprehensive package of measures worth £2.3 billion in place to help sustain businesses and, crucially, help them pay staff and treat staff fairly. The support includes:

See below for additional support available, including that from the UK Government.  

UK Government support

  • Chancellor extends Self-Employment Support Scheme and confirms furlough next steps The government’s Self-Employment Income Support Scheme will be extended, giving more security to individuals whose livelihoods are adversely affected by coronavirus in the coming months, the Chancellor announced today (Friday 29 May 2020).

  • Apply for the coronavirus Future Fund This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. This fund opens on 20 May 2020.

  • Bounce Back Loan Scheme Small businesses will be able to apply for quick and easy-to-access loans from 4 May and will be able to borrow between £2,000 and £50,000 with the cash arriving within days. Loans will be 100% government backed for lenders, and businesses can apply online through a short and simple form.

  • Apply for a coronavirus Bounce Back Loan Small and medium-sized businesses affected by COVID-19 can apply for a loan of up to £50,000 which will be guaranteed by the UK Government.

  • Business support tool The UK Government has launched a new tool to help businesses more easily find what financial support is available to them through the COVID-19 pandemic. 

  • The Future Fund - launching later in May 2020 This Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.

  • Coronavirus Job Retention Scheme Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to COVID-19.

  • Coronavirus Business Interruption Loan If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan.

Additional financial support for businesses and communities 

As organisations respond to the financial and economic crisis brought about by the COVID-19 pandemic, a number of additional support packages have been created to help those in need. Find out what's available below. 

The Prince’s Trust and NatWest launch £5million grant fund for young entrepreneurs 

The Prince’s Trust and NatWest Enterprise Relief Fund is available to entrepreneurs aged 18-30, who can apply for grants and tailored support.

Grants can be used to maintain core business operations during the crisis, as well as meet any existing financial commitments, such as paying for essential equipment or settling invoices from suppliers. In conjunction with these grants, the initiative will also offer one-to-one support and guidance to applicants who need it.

Find out more and apply here

The Coronavirus Business Interruption Loan Scheme (CBILS)

CBILS is a new scheme that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance. The scheme provides the lender with a government-backed guarantee potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. The borrower always remains 100% liable for the debt.

Find out more


Financial support for communities and the third sector

Find out what's available in our communities and third sector funding pages. 

Third sector and community funds

Keep up to date

Use the Find Business Support portal to keep up to date with all of the financial packages and support available for both businesses and third sector organisations.

Coronavirus Third Sector Information Hub

The SCVO website is also regularly updated with official information for charities, community groups, social enterprises and voluntary organisations.
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