BUSINESS GATEWAY CORONAVIRUS UPDATE
30th April 2020
The government has unveiled a new loan scheme which will allow small to medium sized businesses to borrow between £2,000 and £50,000 and access the cash within days.

The loans will be interest free for the first 12 months with loan terms up to 6 years. The government is working with lenders to agree a low rate of interest for the remaining period of the loan.

Applications will be accepted from 4th May.
Find Out More and Check Eligibility

Fife Businesses Adapt Under Coronavirus Lockdown 


The highly popular Fife Business Matters publication, which brings you the latest business news in Fife, has gone online with a new monthly format that is designed to bring local businesses timely information, news and guidance during this period.

The first edition features some fantastic Fife businesses who are responding to the challenges they are facing in a positive manner with new products, new investment and new business models.

Read it now at https://www.businessgatewayfife.com/news/fife-business-matters

Third Sector Resilience Fund Now Open


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 offers grants of up to £75,000 with a further £5 million available in fully flexible, 0% interest loans starting at £50,000

Click here to find out more and to use their online eligibility checker
 

Over 400 Webinars Now Available


You can now access over 400 webinars plus a whole host of online tutorials via the Business Gateway National website.

Whether you are looking at how to improve your web presence to learning how to manage your business remotely, these events are packed with information.

And don't forget, employees who are furloughed can still undertake training so you may want to think about how some of your team can learn new skills so you can add a new dimension to your business.

Click here to find out more
 

NEW: Scotland Food and Drink Directory Online

Scotland Food and Drink has set up a new online directory to help connect food and drink producers from around Scotland with new customers. From bread to beer and fish to fresh produce. Shop local and support businesses in your local area.

Click here to find out more
 

SUPPORT PACKAGES AVAILABLE 

COVID-19 Self Employment Income Support Scheme FAQs


If you are self employed, the government has published a few answers to some frequently asked questions.

 

Coronavirus Job Retention Scheme


All you need to know about the governments Job Retention Scheme where employers can claim 80% of wages for employees on temporary leave (“furlough”).

Small Business Support Grant


Small Business Support Grant Applications are already being processed by Fife Council’s Rates Team who are working hard to support Fife Businesses by helping them maintain cashflow. With applications being approved, if you’ve not already, why not check to see if you are eligible.


Business Rates Support for Fife Businesses

As well as the above grant, businesses are being offered a range of relief or discount schemes. To check if your business qualifies please visit Fife Councils Business Rates Reduction page.

The Creative Sector


To help support the country's creative industries against the impact of COVID-19, Creative Scotland has launched three funding programmes
  1. A Creative Scotland Bridging Bursary Fund
  2. Screen Scotland Bridging Bursary Fund
  3. Open Fund: Sustaining Creative Development - aims to enable organisations to explore ways of working that will help them to adapt and respond to the current changing circumstances.
Applications opened 30 March 2020


 

Virtual & Local Business Support

We have also put in place actions to allow us to deliver a virtual advisory and workshop service. Plus our experienced advisers can offer free support with a wide range of business matters including continuity planning, managing cashflow and dealing with suppliers.


This aid is in addition to the previously announced support listed below:
Coronavirus Business Interruption Loan Scheme
HMRC Tax Time to Pay Scheme
Support for Businesses Paying Satutory Sick Pay
Deferring VAT & Income Tax Payments
More Coronavirus Business Support Available >>
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