Phase two has now closed to new applications
Phase Two of the Discretionary Fund aims to provide grant support to Shetland businesses experiencing immediate financial challenges as a result of the COVID-19 pandemic.
The scheme is specifically targeted at those that have been without Scottish Government financial support since October 2020 following the adoption of Scotland’s Strategic Framework.
Grant awards will be determined on the following basis:
- Sole Traders = £4,000;
- Micro Businesses (1-9 employees not including Directors, partners or spouses) = £4,000;
- Small Businesses (10-49 employees not including Directors, partners or spouses) = £10,000
- Applicants may be Limited Companies (including Scottish Charitable Incorporated Organisations and social enterprises), Sole Traders, Trusts, Partnerships, Community Interest Companies, freelancers or the self-employed;
- For avoidance of doubt, receipt of funding via the Self Employed Income Support Scheme or the Coronavirus Job Retention Scheme will not render an applicant ineligible for assistance; however, grants received from these funds should be taken into account when assessing downturn in income;
- Businesses which are in receipt of payments via state benefits (Universal Credit, Statutory Sick Pay, Employment and Support Allowance, Job Seekers’ Allowance, Income Support) are eligible to apply. However, it will be for applicants, based on individual financial circumstances, to consider the implications of any financial support and benefits that they receive;
- Any appeals received relating to unsuccessful applications will be reviewed by the Executive Manager - Economic Development whose decision will be final.
Applicants previously declined under Phase One of the Discretionary Fund may apply to Phase Two, providing all criteria can be met.
This Fund will close at 5pm on 13 December 2021.