Business and Other Briefings
ScotGov: The new Scottish Loan Fund (SLF), worth £55m, is now open to applications for loans from eligible businesses across Scotland. The fund will provide loans of between £250k & £5m and will target those companies which demonstrate growth or the intention to grow and exporting firms, as they have the most to contribute to Scotland's economic growth.
An additional £5m in public sector investment has been secured for the Highlands & Islands, further strengthening the fund's availability to eligible firms across all of Scotland. Further work is ongoing with the potential to bring in further considerable private sector investment to boost the SLF even further.
MoD: Defence Estates (DE) has announced that future suppliers to the military estate will benefit from measures to ensure that all businesses are paid punctually, irrespective of size or specialisation. DE will introduce Project Bank Accounts to allow direct payment to supply chain members, sub-contractors and main contractors, under future commercial arrangements on its estate, including those being developed across the UK under its' Next Generation Estate Contracts (NGEC) programme.
This Brief gives details on a change to how CCL (Climate Change Levy) will be charged on natural gas in Northern Ireland.