Membership

Support for Businesses - Financial Assistance

Financial assistance available for businesses

Scotland's Economic Recovery 

The Advisory Group on Economic Recovery, chaired by Benny Higgins, published its report on 22 June. A brief summary of the 25 recommendations can be found here and the full report is available here.

The Scottish Government’s response to the Advisory Group on Economic Recovery report “Towards a Robust, Resilient Wellbeing Economy for Scotland: Report of the Advisory Group on Economic Recovery” can be found here.

Find coronavirus financial support for your business

Coronavirus support is available to employers and the self-employed, including sole traders and limited company directors. You may be eligible for loans, tax relief and cash grants, whether your business is open or closed.

Use the Government business support finder to see what support is available for you and your business. 

Click here.

Information for businesses on lending and debt

Scottish Enterprise has useful guides on finance options and debt funding for business:

Use your business plan to secure funding

Finance options for your business

Becoming investor ready

Debt funding for your business

Business Gateway has information on financial management  and can advise you on how on to manage cash flow, taxes and more.

Covid-19: How borrowers can manage the impact on their financing arrangements

In these uncertain times, borrowers will need to consider the impact of the pandemic on their existing funding arrangements in order to keep businesses viable as a going concern and to ensure that businesses are in the best position to return to normal post-pandemic.

Brodies LLP outline some practical steps borrowers should consider taking to manage the impact of the pandemic on their existing financing arrangements, and some logistical considerations for new facilities or facility amendments. Read the insight article.