A NEW funding scheme has been launched by Glasgow City Council to help eligible businesses access the Small Business Grant Fund (SBGF).

The Coronavirus Multiple Properties Fund scheme is now open and expands the ways in which companies can access the SBGF as well as the Retail, Hospitality & Leisure Grant Fund (RHLGF).

There are two types of grant available to ratepayers.

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The first benefits ratepayers with multiple properties which means that following the initial one-off grant awarded though either fund, each additional property for which the applicant pays rates and which also meets the eligibility criteria will qualify for a grant equal to 75 per cent of the original one-off grant.

The second type of grant available is known as the cumulative rateable value.

Ratepayers that hold one or more properties in the retail, hospitality, and leisure sector whose rateable values do not exceed £18,000 and whose cumulative rateable value is between £35,001 and £51,000 will now be eligible for the SBGF for each of their qualifying properties.

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This grant is being administered by Glasgow City Council on behalf of the Scottish Government who will review each application and asses who is eligible for the grant.

To apply visit https://glasgow.gov.uk/coronavirusmultiplepropertiesfund

The deadline for applications is March,31 2021.