Small Business Grant Fund - Extra Support for Charitable Organisations
Organisations who are in receipt of Charitable Rates Relief and who occupy premises with a rateable value under £18 000 can now apply to the small business grant fund (£10 000).
The extension of the scheme is expected to result in an additional £31 million being made available to more than 3,000 small properties in Scotland that are occupied by charities – including day centres, workshops and halls. It will apply to properties which are in receipt of any Charitable Rates Relief or Sports Relief, but are otherwise eligible for the Small Business Bonus Scheme.
Finance Secretary Kate Forbes, said:
“Our package of business support is under constant review as we look for improvements that can be made to existing schemes, or any gaps we are able to fill.
“It had become clear that many charities which run small premises, such as day centres and halls, had been hit hard by loss of revenue during the pandemic. This is particularly pressing for small and medium-sized charities which deliver health and social care support, and are heavily reliant on income from their retail operations.
“In order to support these vital charities we have therefore taken the decision to open up the Small Business Grant Scheme to allow them to apply for grants of £10,000 on the first eligible property and £7,500 on any additional eligible properties.”
You can find out the rateable value of your premises by searching for your properties on the Scottish Assesors website: https://www.saa.gov.uk/
North Lanarkshire organisations that would like to apply to the small business grant fund should follow the link below.
For advice and guidance on funding related issues and grant applications, please contact VANL's Funding and Sustainability Adviser, Grant McLean on 01236 748 011 or email grant.mclean@vanl.co.uk