The Scottish Government has announced a £320m package of support for businesses, that includes:
– 75% business rates relief at smaller retail, hospitality and leisure properties.
– Relief that will effectively reverse the inflationary increase in business rates due in April.
– £80 million to support small business sectors with grants of at least £3,000 – further details on this will be announced soon.
– Established an advice hotline for businesses 0300 303 0660. The helpline will be open Monday to Friday 8.30am to 5.30pm.
The situation is closely being monitored by the Scottish and UK Governments and advice and any new support will be announced daily as the situation changes.