Creative, Tourism & Hospitality Enterprises Hardship Fund

Eligibility Criteria for the Creative, Tourism & Hospitality Enterprises Hardship Fund:

• You have up to 49 employees
• You have experienced at least a 50% loss of current or projected revenue
• Your business was not in financial difficulties before 31 December 2019 (follow this link for the definition)
• You are not in receipt of any COVID financial support except the Job Retention (Furlough) Scheme
• You are not a pre-revenue company
• You have a business bank account

Applicants must provide:
• Bank details
• Company information
• Most recent accounts and management accounts up to date
• 3 month cash flow projection
• Demonstrate evidence of financial hardship due to COVID
• Full-time equivalent employee numbers
• Demonstrate that you are vital to the local or regional economy
• Be a Fair Work First employer, or commit to becoming one. This involves paying employees at least the Scottish living wage. See the following links for more details:
Scottish Living Wage
Economic Action Plan
• Confirm you are a Micro, Small or Medium Enterprise (see Scottish Government Guidance)

Processing
It will take 10 working days from application to appraisal and funds being released.

When completing the online form you will need to follow these steps:
•  Fill in a Pre-Application form
•  Select the fund you wish to apply for
•  Set up an account using your email address
•  Wait for an email confirmation to arrive in your email account
•  There may be a delay before the confirmation email arrives due to the high number of applications
•  Once the email arrives in your inbox, click on the link to confirm and set your password
•  You can now continue with your application

Apply for the Creative, Tourism & Hospitality Enterprises Hardship Fund

If you have any questions and require support in preparing accounts and/or cash flow projections, please do get in touch.

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