Economic development agency Scottish Enterprise has suspended a fund aimed at helping firms in difficulties after it was swamped with applications.
The agency announced yesterday evening that the Pivotal Enterprise Resilience Fund would shut for a week to allow detailed assessment of the applications it has already received.
A spokesperson said: “We would like to thank businesses for their applications for the COVID-19 business resilience and hardship funds.
“Due to the exceptionally high volume of applications, the Pivotal Enterprise Resilience Fund will pause for live applications from 5pm on 5 May 2020 to allow partners to review initial completed applications.
“On completion of this review we will advise businesses of next steps relating to the Fund, which is expected to reopen to applications next week.
“The Creative, Tourism and Hospitality Enterprises Hardship Fund and the Newly Self-Employed Hardship Funds remain open for applications and eligible businesses are encouraged to apply online through our Find Business Support site.”
