Economy Secretary in Scotland, Fiona Hyslop, has outlined details of a £40 million fund to help businesses affected by temporary restrictions to slow the spread of coronavirus (COVID-19).

The Coronavirus Restrictions Fund will provide one-off grants of up to £3,000, depending on rateable value, to bars, restaurants and other businesses required to close by regulations. A hardship fund with grants of up to £1,500 will support some businesses that remain open but are directly impacted by the restrictions.

In addition, up to £9 million of funding will help with the costs of re-furloughing staff by supporting the 20% salary contribution required by the UK Government.

A discretionary fund of up to £11 million will help businesses that need support but don’t fall into other categories.

Grants will be distributed by local authorities.  Local authority websites will be updated on Tuesday 20 October, allowing business to complete applications. Applications will close at 5pm on Tuesday 3 November.

Further detail on eligibility and how to apply for the fund can be found on the Scottish Government website here.