£100m Fund For Businesses Impacted By Covid-19

30th April 2020

From Highland and Islands Enterprise.

Further to Economy Secretary Fiona Hyslop's announcement this morning that the Scottish Government's additional £100m fund for businesses impacted by COVID-19 will be open for applications from 2pm, we wanted to provide you with more information about this support.

Companies can find full details on our partnership website Find Business Support. This grant funding has been divided into three distinct funds: https://bit.ly/3bSEB5G

The Pivotal Enterprise Resilience Fund - a £45m fund for viable but vulnerable SMEs who are vital to Scotland's economy.



The Creative, Tourism & Hospitality Enterprises Hardship Fund - a £20m fund for small creative, tourism and hospitality companies not in receipt of COVID-19 business rates relief.



The Newly Self-Employed Hardship Fund - a £35m fund for the newly self-employed facing hardship through £2,000 grants.

In a collaborative approach, Scottish Enterprise, Highlands and Islands Enterprise and South of Scotland Enterprise will deliver both the Pivotal Enterprise Resilience Fund and the Creative, Tourism & Hospitality Enterprises Hardship Fund, with support from Creative Scotland and VisitScotland.

The Newly Self-Employed Hardship Fund will be delivered by local authorities. Links to individual local authority applications are available via the Find Business Support website.

We are acutely aware of how tough a time this is for businesses in Scotland, so demand for this additional funding is likely to be exceptionally high. A guiding principle for us throughout this crisis has been to provide support to those who need it most. Delivering this extra assistance will be no different and will be of vital importance in order to support the economy.

For the Pivotal Enterprise Resilience Fund, support will be targeted at businesses that can demonstrate the following:

Drive economic prosperity - for example through wages, employment, exports, supply chain, etc.

Are a supplier or potential supplier to NHS or other COVID-19 vital services

Are suppliers to other essential businesses

Can scale up or diversify due to COVID-19 opportunities

Continue to trade or can quickly come out of hibernation

Play an important role within their local community

For the Creative, Tourism & Hospitality Enterprises Hardship Fund, support will be targeted at businesses in this sector that can demonstrate financial hardship due to COVID-19.

For each fund, companies must meet the following eligibility criteria:

The Pivotal Enterprise Resilience Fund

Companies with up to 249 employees that have been trading successfully prior to COVID-19

Less than €50m turnover or balance sheet total of €43m

Can demonstrate the funding will support the business to be viable

Not in financial difficulty before 31 December 2019

Must have business bank account

The Creative, Tourism & Hospitality Enterprises Hardship Fund

Companies up to 49 employees

Experienced at least a 50% loss of current or projected revenue

Not in financial difficulty pre 31th December 2019

Are not in receipt of other COVID-19 government support, except Coronavirus Job Retention ‘Furlough' Scheme

Not for pre-revenue companies

Must have a business bank account

We have all worked together at pace to ensure the appropriate infrastructure and capacity is in place to deliver this support. Resources have been reallocated to ensure this fund is administered at maximum efficiency. We have pulled together key individuals across our respective organisations, such as Account Managers and Specialists, to support the appraisal of applications.

Getting the money to recipients is of critical importance. We anticipate the application process will take no more than ten working days and successful applicants will receive funds paid 100% upfront within that timeframe. Full details on what information companies will need to provide as part of the application process can be viewed at Find Business Support.

As a vital and valued partner, we would be grateful if you could share these details with your members and across your networks. We will also share this information via our various social media channels on Twitter, LinkedIn and Facebook.

Only a collaborative approach will allow us to support companies and reset, restart and recover the Scotland's economy. Thank you in advance for your support at this most challenging of times.

 

Related Businesses

 

Related Articles

30/9/2026 : Local Authority

Scottish Cities Alliance Investment Conference to showcase Highland opportunities

Inverness will welcome government representatives, investors, business leaders and economic development partners later this week as it hosts the Scottish Cities Alliance Autumn Investor Event.  A two-day programme designed to showcase investment opportunities across Inverness, the Highlands and Scotland's city regions.  

29/9/2026 : Local Authority

Are We Trying to Save Britain’s Towns Without Planning Their Future?

Walk through almost any British town centre and you can see the evidence of change.   There are empty shops where there were once businesses.  

26/9/2026 : Advisory / Counseling Services

September is Scottish Start-Up Month – could your business idea become a reality?

September has become a month when Scotland's aspiring entrepreneurs are being encouraged to take a closer look at an idea that may have been sitting in the back of their minds for some time.   Scottish Start-Up Month, led by Business Gateway, has returned for 2026 with a simple message: if you have an idea for a business, this could be the month to take the first step.  

22/9/2026 : Advisory / Counseling Services

Scotland and Ireland Strengthen Economic Links Between Gaelic Communities

Scotland and Ireland Strengthen Economic Links Between Gaelic Communities Scotland and Ireland are developing closer links between their Gaelic-speaking communities, with housing, artificial intelligence, renewable energy, tourism and the marine economy among the areas being explored for future cooperation.   The initiative was highlighted during a visit to Skye by Ireland's President Catherine Connolly, who met representatives of Highland organisations including Highlands and Islands Enterprise (HIE) and Highland Council.  

22/9/2026 : Advisory / Counseling Services

AI Support For Businesses In Highland

Businesses and social enterprises across the Highlands and Islands are being supported to explore the opportunities offered by artificial intelligence (AI) through two new support initiatives launched today by Highlands and Islands Enterprise (HIE) as part of AI Scotland.   Applications are now open for the new AI Adoption Programme and AI Mentoring Support service, which are designed to help organisations understand, assess and implement AI technologies that can improve productivity, boost innovation and support growth.  

21/9/2026 : Advisory / Counseling Services

£1.78m innovation programme to benefit 500 businesses

A new three-year programme (14 September) is expected to help more than 500 businesses and social enterprises across the Highlands and Islands to innovate and grow.   Highlands and Islands Enterprise (HIE) has approved a £1.78m budget to fund the programme, which builds on ten years of innovation support by the agency.  

11/9/2026 : Advisory / Counseling Services

 
HIE appoints new area manager for Caithness and Sutherland

Highlands and Islands Enterprise (HIE) has appointed Claire Wilson as its new area manager for Caithness and Sutherland.   Claire succeeds Eann Sinclair, who retired after eight years as area manager and more than three decades with HIE.  

8/9/2026 : Advisory / Counseling Services

Public sector investment supports floating offshore wind foundations development for Highlands

Plans to produce floating offshore wind foundations at Port of Ardersier have taken a step forward with the approval of more than £778,000 in Scottish Government funding.   Approval was given by Highlands and Islands Enterprise (HIE) after close collaboration with Scottish Enterprise’s international arm, Scottish Development International (SDI), to secure the project for Scotland.  

1/9/2026 : Advisory / Counseling Services

Scotland Is Attracting the Investment But Where Is Caithness and Sutherland's Share?

There is an encouraging message in the latest investment figures for Scotland.  There is also a question that should matter particularly to Caithness and Sutherland.  

15/8/2026 : Advisory / Counseling Services

Islands are at the heart of a £100bn pipeline of investment opportunities

Chair of HIE, Angus Campbell, explores how our islands are at the heart of a £100bn pipeline of investment opportunities, helping to drive economic growth, clean energy and community prosperity across the Highlands and Islands.   The Highlands and Islands has long been recognised for outstanding natural assets, entrepreneurial spirit and resilient communities.