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Fife Council is administering Coronavirus Business Support Fund on behalf of the Scottish Government for businesses in Fife

These payments are grants and not loans. A grant awarded in respect of valid application therefore does not need to be paid back by the recipient

Who can apply and what types of grants are available?

Eligible business ratepayers can apply for a one-off grant payment as detailed below up to 31 March 2021. Only one grant is allowed per ratepayer regardless of the number of premises held.

The ratepayers of businesses located in a non-domestic property that were, as of 17 March 2020:

  1. in receipt of the Small Business Bonus Scheme (SBBS)
  2. in receipt of Rural Relief
  3. eligible for SBBS but in receipt of Nursery Relief, Disabled Relief, Fresh Start or Business Growth Accelerator Relief or Sports Relief
  4. have multiple properties with individual rateable values under £18,000 but whose cumulative rateable value is between £35,000 and £51,000.

can apply to access a support fund and receive a one-off small business support grant of £10,000. This is only available if they were the ratepayer for a premise occupied for that business use on 17 March 2020.

A separate one-off grant of £25,000 is available to the ratepayers of businesses in the Retail, Hospitality, Leisure sectors operating in a premise with a rateable value of £18,001 or up to £51,000. This is the rateable value as at 17 March 2020 regardless of any subsequent reduction in rateable value due to an appeal. This is only available if they were the ratepayer for a premise occupied for that business use on 17 March 2020.

These grants are aimed at helping keep companies in business and keep productive capacity so that they can recover. Their intention is to:

  • Protect jobs
  • Prevent business closure
  • Promote economic recovery

The deadline for applications to the Business Support Fund is 31 March 2021.

For more information on how to apply click here.

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