The new Scottish Wedding Industry Fund opens for applications on 28 January 2021. If your business gets most of its income from weddings you could qualify for a grant of up to £25,000.
The fund is available to jewellers, pipers and wedding bands as well as caterers and wedding hire businesses.
This new fund aims to provide support to businesses whose main income comes from the wedding and civil partnerships industry, which has been significantly impacted as a result of the COVID-19 pandemic. It is provided by the Scottish Government and administered by Scottish Enterprise, South of Scotland Enterprise and Highlands and Islands Enterprise.
The fund offers a fixed grant amount based on turnover. The funding tiers are:
Applications will be processed in the order they are received until the full fund has been allocated. There is no fixed closing date for this fund but it will close when the full fund has been allocated. The fund is very likely to be oversubscribed so make a start today!
To be eligible for this fund, your business must:
You must also meet the criteria in the ‘who is this for’ section.
If your business has its main income from the wedding and civil partnerships industry you could qualify. It is available to registered companies, as well as sole traders, partnerships, registered charities and trusts.
The Scottish Wedding Industry Fund is aimed at supporting businesses who provide one or more of the following services to the wedding industry:
This fund is not intended to support groups of companies. If you are part of a group, with consolidated accounts, only one application per group can be made.
Where you own more than one business, you can submit an application for each business as long as they operate as legally separate businesses for tax purposes. Each business must have a separate registration number, Unique Taxpayer Reference or VAT number. If the businesses share these reference numbers, you must only submit one application.
You must be a director, owner, chair, president, CEO, partner or trustee to apply for this fund.
You won’t be able to save your application as you go, so make sure you have the following information handy:
You’ll also need to provide the following evidence:
Any information you give about your business (such as your registered name and address) MUST match the information held by official bodies such as HMRC, Companies House or the OSCR. We’ll be using these official bodies to verify your business, so make sure this information is up to date before you apply.
After 31 March 2021, some applications may be chosen at random to be audited. Any applicants who have been found to have provided incorrect information will be expected to return their awarded grant.
We are getting reports that the application form won’t work properly on Chrome. We suggest you use Safari or Firefox.
When entering your turnover figure, you need to state it in whole pounds (i.e. 15000 and not 15000.00)
Alterledger can help you compile accounts and work out the split of income between weddings and any other sources of income. We can produce unaudited accounts to verify your figures.
Alterledger Ltd is licensed by the Chartered Institute of Management Accountants and registered with the Information Commissioners Office.
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