Emergency COVID-19 Loan for Scotland’s Housebuilders Closing Soon

Emergency COVID-19 Loan for Scotland’s Housebuilders Closing Soon

Scotland’s housebuilders can apply for short-term loans from the Scottish Government to support them through the coronavirus (COVID-19) outbreak.

The SME Housebuilder Liquidity Loan Fund aims to:

Safeguard jobs and protect suppliers.

Support post-COVID-19 economic recovery and the continued supply of homes.

Retain diversity of the housebuilding sector.

The £100 million fund offers short-term loans to cover three months of liquidity support to businesses. Loans are capped at £1 million. Most loans are expected to be repaid within two years with interest rates set at 2%. The minimum loan amount is £50,000.

Small and medium-sized enterprises (SMEs) in Scotland, with liquidity issues due to the temporary closure of the housebuilding sector, are eligible.

The deadline for applications is 29 June 2020.

More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.