The Scottish Government’s response to the Advisory Group on Economic Recovery report “Towards a Robust, Resilient Wellbeing Economy for Scotland: Report of the Advisory Group on Economic Recovery” can be found here.
Coronavirus support is available to employers and the self-employed, including sole traders and limited company directors. You may be eligible for loans, tax relief and cash grants, whether your business is open or closed.
Use the Government business support finder to see what support is available for you and your business.
Scottish Enterprise has useful guides on finance options and debt funding for business:
Business Gateway has information on financial management and can advise you on how on to manage cash flow, taxes and more.
In these uncertain times, borrowers will need to consider the impact of the pandemic on their existing funding arrangements in order to keep businesses viable as a going concern and to ensure that businesses are in the best position to return to normal post-pandemic.
Brodies LLP outline some practical steps borrowers should consider taking to manage the impact of the pandemic on their existing financing arrangements, and some logistical considerations for new facilities or facility amendments. Read the insight article.