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Coronavirus Business Interruption Loan Scheme (CBILS)

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Bounce Back Loan Scheme (BBLS)

Business Support Fund

Pivotal Enterprise Resilience Fund

Trade Credit Insurance guarantee

Other Funding (sector-specific)

Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme supports small and medium-sized businesses, with an annual turnover of up to £45m, to access loans, overdrafts, invoice finance and asset finance of up to £5m for up to six years.

British Business Bank operates CBILS via its accredited lenders. There are over 40 of these lenders currently working to provide finance. You can access the full list of accredited lenders here.

The scheme is now open for applications, a step to step guide explaining the process is provided here.

More information can be found here

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) is open to all firms with a turnover of more than £45m will now be able to apply for up to £25m of finance, and up to £200m for firms with a turnover of more than £250m.

The government will provide lenders with an 80% guarantee on individual loans for businesses that would be otherwise unable to access the finance they need.

British Business Bank operates CLBILS via its accredited lenders. There are over 40 of these lenders currently working to provide finance.

The scheme is now open for applications, a step to step guide explaining the process is provided here.

More information can be found here

Bounce Back Loan Scheme

The Bounce Back Loan Scheme (BBLS) provides financial support to businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the CV-19 outbreak and that can benefit from £50,000 or less in finance.

The scheme is now open for applications, a step to step guide explaining the process is provided here.

More information can be found here

Business Support Fund

The Small Business Grant and Retail, Hospitality and Leisure Grant schemes are now closed for new applications.

More information can be found here.

Pivotal Enterprise Resilience Fund

This grant is for businesses that can play a critical role in supporting Scotland’s recovery but need some immediate support.

Applications to the Pivotal Enterprise Resilience Fund are now closed.

More information can be found here.

Trade Credit Insurance guarantee

The government will temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance.

Trade credit insurance coverage is to be maintained across the market in light of CV-19, with up to £10 billion government backing.

The scheme is available on a temporary basis for nine months, backdated to April 1, 2020, and available insurers operating in the UK market

More information can be found here.

Other Funding (sector-specific)

Support for Seafood Sector

The seafood fishing sector can apply for financial support to assist businesses during the CV-19 outbreak.

More information can be found here.

The seafood processing sector can apply to the Scottish Seafood Business Resilience Fund to help with pressures related to COVID-19.

Applications to the Scottish Seafood Business Resilience Fund are now closed.

Email AQPMhardship@gov.scot for any further inquiries.

Sea Fisheries Intervention Fund

The Sea Fisheries Intervention Fund was set up to provide emergency hardship support for fishing vessels 12m and under in length.

More information can be found here.

The Third Sector Resilience Fund

Now open for applications, the primary intention of the fund is to help third sector organisations to stabilise and manage cash flows over this difficult period.

More information can be found here.

Aberdeen Covid-19 Emergency Appeal fund

Local registered charities, operating in Aberdeen, are invited to apply to the Aberdeen Covid-19 Emergency Appeal fund.

The Aberdeen Covid-19 Emergency Appeal fund is now closed for applications.

More information can be found here.

Princes Trust funding

The £5m Enterprise Relief Fund will offer grants to 18 to 30-year old’s across the UK who are self-employed and/or running their own business.

More information can be found here.

Term Funding Scheme

Banks and Building Societies can participate in the Bank of England’s Term Funding Scheme announced on March 11 with additional incentives for SMEs. Companies can ask their funders about the implications for business lending.

More information can be found here.

Creative Community

Creative Scotland have pulled together an A-Z of funding and resources available to those in the creative community, who have been affected by CV-19.

More information can be found here.

Future Fund

UK businesses driving innovation and development will be helped through the CV-19 outbreak with a £1.25bn government support package.

The scheme is initially open for applications from 20 May until the end of September 2020.

More information can be found here.

Early Stage Growth Challenge Fund

A package of support for innovative early stage businesses whose routes to investment and growth have been impacted by CV-19 will be open for applications between Monday 20 July and Friday 31 July.

This fund will be managed by Scottish Enterprise on behalf of Scotland’s economic agencies and in partnership with organisations experienced in supporting the development of start-up businesses. These partners will work together to identify the highest potential pre-seed businesses which could benefit most from grant support.

More information can be found here.

Emergency loan fund for SME housebuilders

Housebuilders will be able to apply for short term loans of up to £1m from the Scottish Government to support them through the CV-19 outbreak.

The emergency loan fund for housebuilders is now closed for applications.

More information can be found here.

Creative or Tourism and Hospitality Enterprises Hardship Fund

The fund aims to support companies in tourism, creative industries and hospitality that are experiencing hardship, because they are ineligible for other CV-19 Government grant support. The focus is to help companies manage cashflow commitments for the next three months and eligible companies can apply for funding up to £25,000.

This fund has now closed for applications.

More information can be found here.

Eat Out to Help Out

The ‘Eat Out to Help Out’ discount scheme will provide a 50% reduction for sit-down meals in cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020.

More information can be found here.

You can now register your establishment for the Eat Out to Help Out Scheme here.

Business Resilience and Sustainability Scheme

The Business Resilience and Sustainability Scheme (BRASS) has been introduced to react to and support our most innovative and capable businesses and social enterprises. The scheme is designed to complement work undertaken by our partners such as Business Gateway, Scottish Enterprise and Opportunity North East (ONE) to boost the local economy and maximise the benefit to the business. BRASS replaces the previous Support for Aberdeenshire Business (SAB) scheme.

BRASS aims to:

  • Enable viable businesses to invest in diversification proposals for new products and markets
  • Support businesses to respond to public expectations around climate change and net zero
  • Build digital resilience and ensure that businesses have the platform and skills to do so
  • Enable businesses to secure accreditations that will improve their market position and access to new markets
  • Support digital and net zero audits to help businesses access other funds and plan investments

More information can be found here.

Early Stage Growth Challenge Fund

This new Scottish Government fund is managed by the Scottish Investment Bank, the investment arm of Scottish Enterprise. It's designed to support early-stage, high-growth, innovative Scottish companies who have been negatively affected by the CV-19 pandemic. It's aimed at companies where CV-19 has had a clear impact on revenue, working capital costs, or access to equity investment, resulting in a cash shortfall, a diversion of resources away from growth activities or a delay in achievement of development or investor milestones. It can provide from £50,000 to £300,000 per company.

This fund is now open for applications until 5pm on July 31, 2020, find out more here.

Further funding for tourism

Two new funding packages worth £15 million will support the tourism sector as it continues to feel the impacts of the coronavirus (COVID-19) pandemic.

Find more information here.

Response, Recovery & Resilience Fund

In partnership with the National Emergencies Trust, Foundation Scotland are providing a second round of funding to support charities and constituted community groups that have been impacted by the coronavirus pandemic. More information available here.

Support scheme for self-catering businesses

The Coronavirus (COVID-19) Support Scheme for Self-Catering Businesses provides financial help for self-catering businesses across Scotland. It will help those that have been ineligible for the various funding packages announced by the Scottish Government following the outbreak of the pandemic. More information available here.