UK Government Delivering support for Scottish business - GOV.UK

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UK Government Delivering support for Scottish business - GOV.UK
UK Government
Delivering support for Scottish business
UK Government Delivering support for Scottish business - GOV.UK
UK GOVERNMENT SUPPORT
FOR BUSINESS IN SCOTLAND
The impact of COVID-19 on businesses in the UK has been profound.

Financial and advisory support provided by the UK Government helped
employers and employees weather the worst of the storm but, with
calmer waters and brighter skies ahead, now is the time to invest in
our future and foster a more resilient, agile business base.

We can build back better — and the UK Government will be there to
help firms across Scotland as we do.

The UK Government has compiled this practical resource to help
businesses in Scotland understand and navigate the wide range of
support available. Throughout the document, links will provide further
information and take you directly to application processes online.

Click here to see what support is available for you and your business.

CURRENT AS OF MARCH 2021
UK Government Delivering support for Scottish business - GOV.UK
RECOVERY & RENEWAL
Summary                 The COVID-19 pandemic is the            COVID-19 pandemic. This has
Recovery & Renewal      greatest challenge humanity has         seen coordinated action which
                        faced collectively in decades.          respected devolution settlements,
Our Plan for Growth     Lives and livelihoods have been         as well as the ability of the
10 Point Plan           devastated, with many of us             Devolved Administrations to
                        tragically losing loved ones. People    make decisions about devolved
Budget 2021
                        are worried about their health, their   matters, including those relating to
Coronavirus Job         families, and their finances. The       public health. The UK and Scottish
Retention Scheme        pandemic continues to impact            Governments have maintained
                        communities in ways that could not      regular dialogue at all levels
Self-Employment         have been previously imagined.          from the outset of the COVID-19
Income Support                                                  pandemic and will continue to
Scheme (SEISS)          The UK Government has been              work closely and cooperatively.
                        clear that a UK-wide approach
DWP Kickstart           is necessary to respond to the

EU Transition

Innovate Funding

International Trade

Export Finance
                                   You can use the
British Business Bank              menu on the left
                                   to navigate this
UK Points-Based                    document.
Immigration System
                                   Click blue text
                                   to access more
3                                  information online
UK Government Delivering support for Scottish business - GOV.UK
OUR PLAN FOR GROWTH
Summary                 The UK Government is now looking       Our plan to build back better
Recovery & Renewal      beyond the immediate support           takes a transformational approach,
                        measures that sustained the entirety   tackling long-term problems to

                                                                                                      £4.8bn
Our Plan for Growth     of the UK, including Scotland,         deliver growth that creates high-
10 Point Plan           during the COVID-19 pandemic.          quality jobs across the UK.
Budget 2021                                                    We will retain our focus on            The Levelling Up Fund will
                        The UK Government put an
                        unprecedented economic                 achieving the people’s priorities:     enable Scottish communities
Coronavirus Job                                                levelling up the whole of the UK,
                        package in place, providing                                                   to invest in town centres,
Retention Scheme
                        businesses and individuals with        supporting our transition to net       high streets, local
Self-Employment         support and certainty over the         zero, and supporting our vision        transport and
Income Support          course of the pandemic, spending       for Global Britain. In addition, the   cultural assets
Scheme (SEISS)          hundreds of billions to support        new Help to Grow programme
                        people’s jobs, businesses, and         will help small and medium-sized
DWP Kickstart                                                  businesses across the UK to learn
                        public services across the UK.
                                                               new skills, reach new customers
EU Transition
                        However, COVID-19 and the              and boost profits.
Innovate Funding        restrictions put in place to stop
                        the spread of the virus caused         Two Help to Grow programmes
International Trade     the largest fall in annual GDP in      are scheduled to launch in
                        300 years.                             June 2021.
Export Finance
                        We are well placed to confront
British Business Bank   these challenges, rebounding to        continued
                        build back better. The UK is one
UK Points-Based         of the world’s largest economies,
Immigration System
                        open and dynamic, with strong
                        institutions and world-class
                        universities.
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UK Government Delivering support for Scottish business - GOV.UK
OUR PLAN FOR GROWTH
Summary                 HELP TO GROW: MANAGEMENT                confirmed the UK Government will
                        An Executive Development                provide over £3.6 billion through
Recovery & Renewal
                        programme to help you improve           the Barnett formula, on top of
Our Plan for Growth     business performance and growth         existing funding of over £35 billion.   You can watch videos and
10 Point Plan           potential.                                                                      register for free webinars
                                                                More than 90,000 businesses             to learn more about the
Budget 2021              Express your interest in              in Scotland have benefited              support available to help
                          Help to Grow: Management              from almost £3.5 billion in UK
Coronavirus Job                                                                                         you deal with the economic
                                                                Government loans since the              impacts of COVID-19.
Retention Scheme
                        HELP TO GROW: DIGITAL                   COVID-19 pandemic began. In
Self-Employment         Free online advice and discounts        addition, over 750,000 jobs in
Income Support          on software to help you save time       Scotland have been protected
Scheme (SEISS)          and cut costs.                          through the furlough scheme,
                                                                and more than 431,000 grants
DWP Kickstart            Express your interest in              have been paid to self-employed
                          Help to Grow: Digital                 people in Scotland to the tune of
EU Transition
                                                                over £1.193 billion.
                        The Treasury has provided
Innovate Funding        unprecedented support for jobs          We are now focusing on those
                        and businesses across the UK in         actions that will progress the
International Trade
                        the face of COVID-19, including         transition out of emergency
Export Finance          an unprecedented £8.6 billion           business support measures                       An additional
                        upfront guarantee to the Scottish       and into funding to encourage
British Business Bank

UK Points-Based
                        Government in the 2020-21
                        financial year, and a further £1.1
                        billion to be spent in either 2020-21
                                                                long-term growth.
                                                                                                                £3.6bn
Immigration System      or 2021-22. In 2021-22, the Budget                                                      in UK Government
                                                                                                                funding will be allocated
                                                                                                                to Scotland in 2021-22
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UK Government Delivering support for Scottish business - GOV.UK
10 POINT PLAN
Summary                 The Prime Minister has unveiled a      Generate 5GW of hydrogen
Recovery & Renewal      10 Point Plan for a Green Industrial   by 2030.
                        Revolution. This plan sets out the     This will likely be concentrated
Our Plan for Growth     approach the UK Government             around existing industrial clusters,
10 Point Plan           will take to build back better and     potentially benefiting areas like
                        support our transition to net zero.    Grangemouth in Falkirk, Scotland.
Budget 2021
                                                               Complemented by a £240 million
                        The 10 Point Plan will mobilise £12    Net Zero Hydrogen Fund, this
Coronavirus Job         billion of government investment,
Retention Scheme                                               could see the UK benefit from
                        and potentially three times as         around 8000 new jobs, The UK
Self-Employment         much from the private sector, to       Government’s hydrogen strategy
Income Support          create and support up to 250,000       will also set out the next steps
Scheme (SEISS)          green jobs across the UK. Some of      to develop the hydrogen sector.
                        the Plan’s stated ambitions are to:    Alongside, the UK Government
DWP Kickstart
                                                               will consult on hydrogen business
                        Produce 40GW of offshore
EU Transition                                                  models which will outline the
                        wind, including 1GW of floating
                                                               basis of revenue support for the
                        offshore wind, by 2030.
Innovate Funding                                               private sector.
                        Utilising future Contracts for
                        Difference rounds, this could
International Trade
                        result in significant investment       continued
Export Finance          in Scotland, with the quantum
                        known once the competitive
British Business Bank   process is completed. The £160
                        million allocated for ports and
UK Points-Based         infrastructure upgrades to support
Immigration System
                        the deployment of offshore wind
                        will also benefit Scotland.

6
UK Government Delivering support for Scottish business - GOV.UK
10 POINT PLAN
Summary                 Capture 10Mt of carbon dioxide
                        annually by 2030 in 4 industrial
Recovery & Renewal
                        clusters, creating industrial
Our Plan for Growth     ‘SuperPlaces’ in Scotland,
10 Point Plan           Wales and northern England.

Budget 2021
                        The cluster sequencing process
                        will be undertaken in 2021.
                        The £1 billion Carbon Capture,
                                                               £12bn
Coronavirus Job                                                of government
Retention Scheme        Utilisation and Storage (CCUS)         investment will be
                        Infrastructure Fund will provide       mobilised as part of
Self-Employment         industry with the certainty            the 10 Point Plan
Income Support          required to deploy CCUS at
Scheme (SEISS)          pace and at scale.

DWP Kickstart           It is anticipated that the extension
                        of the Energy Company Obligation
EU Transition
                        to 2026 will positively impact
                        Scotland too. While the exact
Innovate Funding
                        size of the scheme is still under
International Trade     consideration, the ambition is
                        to install 600,000 heat pumps
Export Finance          annually by 2028, benefiting
                        existing heat pump manufacturers
British Business Bank   in Scotland.
UK Points-Based
Immigration System

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UK Government Delivering support for Scottish business - GOV.UK
BUDGET 2021
Summary                 This year’s Budget provides UK-         How Scottish businesses
                        wide support to help individuals,       have been supported
Recovery & Renewal
                        businesses and public services
Our Plan for Growth

                                                                780,000
                        manage the ongoing impacts of
10 Point Plan           COVID-19. Jobs and businesses
                        in Scotland will continue to be
Budget 2021
                        supported through the extension         jobs in Scotland were
                        of the furlough scheme and the          supported by the UK-wide
Coronavirus Job
Retention Scheme        Self-Employed Income Support            furlough scheme at its peak
                        Scheme, whilst the tourism and                                        The UK-wide Eat Out to
Self-Employment         hospitality sectors will benefit                                      Help Out scheme supported
Income Support
Scheme (SEISS)
                        from a VAT reduction and
                        COVID-19 related income tax             157,000                       nearly 4,800 outlets in
                                                                                              Scotland. £42.9 million
                        exemptions for employees.               people in Scotland            was claimed back by
DWP Kickstart
                                                                have been supported           participating vendors.
                        Towns and communities across
EU Transition                                                   by the UK-wide Self-
                        Scotland will be empowered
Innovate Funding        to direct local investment into
                        improving town centres, high
                                                                Employment Scheme, to
                                                                the tune of £1.13 billion     £3.4bn
International Trade     streets, local transport and cultural                                 has been loaned to support
                        assets through the £4.8 billion                                       over 90,000 Scottish
Export Finance          Levelling Up Fund, the Community                                      businesses as a result of
                        Ownership Fund, Community                                             UK Government initiatives
British Business Bank   Renewal Fund, and through
                        accelerated funding for the
UK Points-Based
Immigration System      Ayrshire, Argyll and Bute, and
                        Falkirk City and Growth Deals.

8
UK Government Delivering support for Scottish business - GOV.UK
CORONAVIRUS JOB
                        RETENTION SCHEME
Summary
Recovery & Renewal
Our Plan for Growth
10 Point Plan           Employees on temporary leave         THE OFFER                            Before you apply, you
                        (furlough) due to COVID-19           Anybody with a UK PAYE payroll       will need to work out
Budget 2021                                                  scheme can apply, including          how much you can claim
                        WHO IS IT FOR?                       businesses, charities, recruitment   through the scheme.
Coronavirus Job
                        Anybody with a UK payroll can        agencies and public authorities.
Retention Scheme
                        apply, including businesses,
                                                             You can claim 80% of an
Self-Employment         charities, recruitment agencies
                                                             employees usual salary for hours
Income Support          and public authorities.
Scheme (SEISS)                                               not worked, up to a maximum of
                                                             £2,500 per month.
                        HOW CAN I ACCESS IT?
DWP Kickstart
                                                             Employees will receive 80% of
                           CHECK ELIGIBILITY                 their usual salary for hours not
EU Transition
                                                             worked, up to a maximum of
Innovate Funding        Register for the next live webinar   £2,500 per month.
                        about the Coronavirus Job
International Trade     Retention Scheme.                    The Coronavirus Job Retention
                                                             Scheme has been extended until
Export Finance          This webinar gives an overview of:   the end of September 2021.
                        ● The extension of the scheme

                                                                                                        780,000
British Business Bank
                        ● How employers will be affected
UK Points-Based         ● Flexible furloughing
Immigration System      ● Key dates
                        ● Support available                                                             jobs in Scotland were
                                                                                                        protected through the
                                                                                                        furlough scheme at
9
                                                                                                        its peak
UK Government Delivering support for Scottish business - GOV.UK
SELF-EMPLOYMENT
                        INCOME SUPPORT
Summary
Recovery & Renewal

                        SCHEME (SEISS)
Our Plan for Growth
10 Point Plan
Budget 2021
                        WHO IS IT FOR?                     THE OFFER                              A series of live webinars about
Coronavirus Job         If you’re self-employed or a       In the 2021 Budget, it was             claiming the fourth SEISS grant
Retention Scheme        member of a partnership and        confirmed that the fourth SEISS        are planned. Bookings will
                        have been impacted by              grant will be available from late      open soon.
Self-Employment
Income Support          COVID-19, you may be               April 2021. It will be set at 80% of
                        eligible to claim a SEISS grant.   3 months’ average trading profits,     The UK Government has
Scheme (SEISS)
                                                           paid out in a single instalment,       announced there will be a fifth
DWP Kickstart                                              up to £7,500. The fourth grant         and final grant covering May to
                        HOW CAN I ACCESS IT?
                                                           will take into account 2019/20         September 2021.
EU Transition                                              tax returns and be open to those
                           CHECK ELIGIBILITY                                                      You will be able to claim from
                                                           who became self-employed in
Innovate Funding                                                                                  late July if you are eligible for
                                                           the 2019/20 tax year. The rest
                                                                                                  the fifth grant. Further details will
International Trade                                        of the eligibility criteria remain
                                                                                                  be provided on the fifth grant in
                                                           unchanged.
                                                                                                  due course.
Export Finance
                                                           Your eligibility for the scheme will

                        431,000
British Business Bank                                      now be based on your submitted
                                                           2019/20 tax return. This may also
UK Points-Based                                            affect the amount of the fourth
Immigration System      grants have been paid              grant which could be higher or
                        to self-employed people            lower than previous grants you
                        in Scotland                        may have received.
10
Summary
                        DWP KICKSTART
Recovery & Renewal      The £2 billion Department for
Our Plan for Growth     Work and Pensions (DWP)
                        Kickstart Scheme puts young
10 Point Plan           people at the heart of our            The Kickstart Scheme
Budget 2021             economic recovery. The scheme
                                                              will help young people
                        provides funding to employers
Coronavirus Job         to create new job placements for      to gain experience,
Retention Scheme        16 to 24 year olds on Universal       build skills, and boost
                        Credit who are at risk of long-term
Self-Employment         unemployment.                         their career prospects.
Income Support
Scheme (SEISS)          For many young people, a lack of
                        real-world work experience can        continued
DWP Kickstart
                        be a barrier to the job market. The
EU Transition           Kickstart Scheme will address
                        this by helping young people
Innovate Funding        to gain experience, build skills,
                        and boost their career prospects.
International Trade     The scheme is intended to
                        complement other schemes for
Export Finance
                        young people.
British Business Bank
                        The DWP is working closely with
UK Points-Based         its counterparts in the Scottish
Immigration System      Government to discuss how the
                        Scottish Youth Guarantee offer
                        will work alongside the Kickstart
11                      Scheme as their policy develops.
DWP KICKSTART
Summary                 WHO IS IT FOR?                     Employers can spread the start
                        Employers of all sizes. As         date of the job placements up until
Recovery & Renewal
                        of 3 February 2021, smaller        the end of December 2021.
Our Plan for Growth     organisations can apply directly
                        without having to use a gateway    Further funding is available for
10 Point Plan
                        organisation.                      training and support so that young
Budget 2021                                                people on the scheme can secure
                                                           employment in the future.
Coronavirus Job         HOW CAN I ACCESS IT?
Retention Scheme
                          APPLY ONLINE
Self-Employment
Income Support
Scheme (SEISS)          THE OFFER
                        Employers of all sizes can apply
DWP Kickstart
                        for funding which covers:
EU Transition
                        ● 100% of the
Innovate Funding          National Minimum Wage
                          or
International Trade       National Living Wage
                          (depending on the age of the
Export Finance            participant) for 25 hours per
                          week for a total of 6 months
British Business Bank
                        ● Associated employer National
UK Points-Based           Insurance contributions
Immigration System      ● Employer minimum automatic
                          enrolment contributions

12
Summary
                        EU TRANSITION
Recovery & Renewal      Doing business with Europe has          HOW CAN I ACCESS IT?
                        changed. UK businesses now need          Brexit checker
Our Plan for Growth
                        to follow new rules on exports,
10 Point Plan           imports, tariffs, data and hiring        Webinars and videos for
Budget 2021             when trading with firms in European       organisations that trade with
                        Union (EU) member states.                 the EU
Coronavirus Job
Retention Scheme        Information for all types of            If you move goods between Great
                        businesses in Scotland can be           Britain and Northern Ireland:
Self-Employment         found on gov.uk, including a Brexit
Income Support          checker which can generate a             The Trader Support Service
Scheme (SEISS)          personalised list of actions for you,
                        your business and your family.
DWP Kickstart

EU Transition           WHO IS IT FOR?
                        Any organisation which:
Innovate Funding        ● Trades with firms in the EU
                        ● Employs people from EU
International Trade        countries
Export Finance

British Business Bank

UK Points-Based
Immigration System

13
Summary
                        INNOVATE UK FUNDING
Recovery & Renewal      Innovate UK is part of UK Research    HOW DO I ACCESS IT?
                        and Innovation (UKRI). Innovate
Our Plan for Growth
                        UK supports innovative ideas and          HOW TO APPLY
10 Point Plan           business growth through grant
Budget 2021             funding, loans or procurements.
                                                                APPLICATION FORM
                        Organisations can apply for
Coronavirus Job
                        a funding opportunity. Each             support@innovateuk.ukri.org
Retention Scheme
                        opportunity has its own eligibility
                        criteria and scope. Opportunities       0300 321 4357
Self-Employment
Income Support          are available through the
                                                              Phone lines are open from 9am to
Scheme (SEISS)          Innovation Funding Service, where
                                                              11:30am and 2pm to 4.30pm, Monday
                        you can find out more about
DWP Kickstart                                                 to Friday (excluding bank holidays).
                        funding opportunities and which
                        ones may be right for you.
EU Transition                                                 THE OFFER
                                                              Throughout the year, Innovate UK
Innovate Funding        WHO IS IT FOR?
                                                              offers various types of funding
                        Any businesses that want to
International Trade                                           opportunities. Click here to
                        develop new products, services,
                                                              access a list of open or
                        and processes through innovation
Export Finance                                                upcoming opportunities.
                        are eligible for funding from
British Business Bank   Innovate UK.
                                                              continued
UK Points-Based
Immigration System

14
INNOVATE FUNDING
Summary                 CASE STUDY
Recovery & Renewal      Global Open Finance Centre of Excellence

Our Plan for Growth     UKRI Strength in Places Fund investment: £23m
                                                                                       The GOFCoE will
                        Lead: University of Edinburgh
10 Point Plan
                        Partners: The Financial Data and Technology Association        deliver research
Budget 2021             (FDATA) Global and Fintech Scotland                            around Open Finance,
Coronavirus Job         The Global Open Finance Centre of Excellence (GOFCoE)          aiming to rebalance
Retention Scheme        will develop world-class technology and education
                                                                                       markets in favour
                        to enhance financial services and deliver social and
Self-Employment                                                                        of consumers
                        economic benefits. It will provide a trusted environment to
Income Support
                        address pressing societal challenges and research around
Scheme (SEISS)
                        Open Finance, aiming to rebalance markets in favour
DWP Kickstart           of consumers and deliver long-term research insights
                        into public earning, spending and saving. It will draw on
EU Transition           expertise from across Scotland’s universities, financial
                        services and financial technology sectors and will establish
Innovate Funding        ethical standards, train new talent to expand the sector,
                        and build local, national and international partnerships.
International Trade

Export Finance
                        continued
British Business Bank

UK Points-Based
Immigration System

15
INNOVATE FUNDING
Summary                 CASE STUDY:
Recovery & Renewal      The Living Laboratory

Our Plan for Growth     UKRI Strength in Places Fund investment: £38m
                                                                                            The Living Lab is
                        Lead: University of Glasgow
10 Point Plan
                        Partners: Thermo Fisher Scientific, Canon Medical Research          projected to deliver
Budget 2021             Europe Ltd, Siemens Healthcare Ltd, NHS Greater Glasgow             446 high-value jobs
                        and Clyde Health Board, Bioclavis, Aridhia, MR Coiltech Ltd,
Coronavirus Job         Glasgow Science Centre, Scottish Enterprise, Glasgow City           and £136 million over
Retention Scheme
                        Council, Kadans Science Partner UK Ltd, Precision Medicine          an eight-year period
Self-Employment         Scotland and iCAIRD Ltd
Income Support
                        The University of Glasgow’s Precision Medicine Living Lab
Scheme (SEISS)
                        will translate cutting-edge science and innovation into a
DWP Kickstart           real-world clinical setting. The Living Lab will be situated at
                        the University of Glasgow academic campus adjacent to the
EU Transition           Queen Elizabeth University Hospital in Govan. It will build on
                        the city’s existing world-leading ecosystem and, by facilitating
Innovate Funding        even more cross-sector collaborations, will address the
                        biggest challenge currently facing Precision Medicine: the
International Trade
                        translation of research innovation into clinical practice for the
Export Finance          benefit of patients. The Living Lab is projected to deliver 446
                        high-value jobs and £136 million over an eight-year period.
British Business Bank

UK Points-Based
Immigration System

16
Summary
                        INTERNATIONAL TRADE
Recovery & Renewal      Trade is crucial to the UK’s recovery   committed to working closely
Our Plan for Growth
10 Point Plan
                        from COVID-19 and the UK
                        Government wants to ensure that
                        businesses in Scotland benefit from
                                                                with the Scottish Government to
                                                                deliver a trade policy that works
                                                                for Scotland and the whole of the
                                                                                                       66
                                                                                                       The number of countries
Budget 2021             new trade deals with the world’s        United Kingdom.
                                                                                                       that we have agreed
                        biggest markets, as we remove
                                                                DIT is also establishing a new trade   trade deals with — plus
Coronavirus Job         barriers that they previously faced.
                                                                and investment hub in Edinburgh,       the EU — that account
Retention Scheme
                        Already, the Department for             which will channel the economic        for £890bn of UK
Self-Employment         International Trade (DIT) has           benefits of Global Britain directly    bilateral trade
Income Support          reached deals covering 63% of           into Scotland. Together with DIT       in 2019
Scheme (SEISS)          UK trade, including with the EU.        Hubs in other parts of the UK,
                        The DIT is also making good             it will be central to DIT’s new
DWP Kickstart
                        progress on negotiations with           exports campaigns, which will help
EU Transition           the USA, Australia, New Zealand         businesses in key industries take
                        and with our accession to the           advantage of trade opportunities
Innovate Funding        Comprehensive and Progressive           around the world.
                        Agreement for Trans-Pacific
International Trade     Partnership (CPTPP). We are              Find out more

Export Finance

British Business Bank   119
UK Points-Based         The number of countries
Immigration System      in which DIT has a presence,
                        employing over 5100 staff
                        worldwide
17                      *figures correct as of January 2021
Summary
                        EXPORT FINANCE
Recovery & Renewal      If you are already actively           WHO IS IT FOR?
                        exporting, or considering it, the     Businesses making the transition
Our Plan for Growth
                        UK Government has significant         to entering new export markets
10 Point Plan           resources and advice to help
Budget 2021             you reach new markets across          HOW DO I ACCESS IT?
                        the world.
                                                               More information
Coronavirus Job
Retention Scheme        The UK Government employs
                                                              The completed form and necessary
                        around 17,300 staff in our
                                                              supporting documentation should
Self-Employment         diplomatic and development
                                                              be submitted to UKEF with the
Income Support          offices worldwide, including in
Scheme (SEISS)                                                application form.
                        280 overseas embassies and
                        high commissions.
DWP Kickstart
                                                              continued
                        UK Export Finance (UKEF)
EU Transition
                        provides the finances occasionally
Innovate Funding        necessary to help businesses
                        make the transition to entering
International Trade     new export markets. As the UK
                        Government’s world-leading
Export Finance          export credit agency, UKEF’s
                        mission is to ensure no viable UK
British Business Bank
                        export fails for lack of finance or
                        insurance, while operating at no
UK Points-Based
Immigration System      net cost to the taxpayer.

18
EXPORT FINANCE
Summary                 THE OFFER
Recovery & Renewal      Win contracts: financing             Fulfil orders: guarantee schemes       Get paid: insurance
Our Plan for Growth     The attractive financing terms       We can help companies                  We can help companies manage
                        we can offer to overseas buyers      access the support they                risks in challenging markets,
10 Point Plan                                                need to fulfil a contract,             ensuring that they get paid even
                        of UK goods and services can
Budget 2021             help exporters make their offering   giving them the confidence             where the private market is not
                        more competitive.                    to take on more contracts              able to offer insurance.
Coronavirus Job                                              and increase their turnover.
Retention Scheme         Buyer Credit Facilities                                                    Bond Insurance
                                                              Bond Support Scheme
Self-Employment          Export Refinancing Facility                                                Export Insurance
Income Support                                                Export Development Guarantee
Scheme (SEISS)           Local Currency Financing                                                   Overseas Investment
                                                              Export Working Capital Scheme          Insurance
DWP Kickstart            Lines of Credit
                                                              General Export Facility              In 2019/20, UKEF provided £110
EU Transition                                                                                       million of support for Scottish
                                                             We also offer support in relation to   exporters, resulting in £118 million
Innovate Funding         Direct Lending                     Letter of Credit (LC) confirmation.    worth of overseas sales.

International Trade      Clean Growth Direct                To find out more or to discuss
                          Lending Facility                   eligibility for our support:
                                                                                                    continued
Export Finance
                                                               customer.service@
British Business Bank                                        ukexportfinance.gov.uk
                         Supplier Credit Financing
UK Points-Based           Facilities
                                                               020 7271 8010.
Immigration System
                                                             Alternatively, contact your local
                                                             export finance manager.
19
EXPORT FINANCE
Summary                 Recent examples of UKEF              CASE STUDY
Recovery & Renewal      support in Scotland include:         In November 2020, PCT Group
                                                             Sales, a Glasgow-based global
Our Plan for Growth     ● Providing £88 million in support   manufacturer for the energy
                          to the Angolan Ministry of         sector, secured a £3 million
10 Point Plan
                          Finance for IQA Group, which       contract to supply cranes to build
Budget 2021               is headquartered in Paisley,       wind turbines for the new Neart
                          to install new electricity         na Gaoithe offshore wind farm in
Coronavirus Job           infrastructure in Northern
Retention Scheme                                             Scotland after backing from UKEF.
                          Angola (2019/20).
Self-Employment                                              This contract is an example of how
                        ● Guaranteeing over                  businesses can work with UKEF to
Income Support
                          £1 million worth of financing      strengthen their position in global
Scheme (SEISS)
                          for Dundee-based Rautomead         markets and boost their exports
DWP Kickstart             to supply casting machinery        worldwide. It also highlights the
                          to a specialist Chinese metals     UK’s position as an international
EU Transition             manufacturing company in           leader in renewable energy.
                          Xi’an (2019/20).
Innovate Funding
                        ● Supporting Aberdeenshire-
International Trade       based design and
                          manufacturing company
Export Finance
                          Power Jack to export its
British Business Bank     electro-mechanical lifting
                          solutions to the Middle East
UK Points-Based           (2019/20).
Immigration System

20
Summary
                        BRITISH BUSINESS BANK
Recovery & Renewal      The British Business Bank (BBB)       THE OFFER
                        is a government-owned business        Whether your business has
Our Plan for Growth
                        development bank dedicated            only just begun, or you’re
10 Point Plan           to making finance markets work        looking to grow an established
Budget 2021             better for smaller businesses.        business, a variety of finance
                                                              options are available.
Coronavirus Job         WHO IS IT FOR?
Retention Scheme                                              The Interactive Finance Finder
                        All types of businesses, whether
                                                              on BBB’s Finance Hub allows
                        you’re looking for finance to start
Self-Employment                                               you to identify the right finance
                        a business, grow to the next level,
Income Support                                                option for your needs and goals.
Scheme (SEISS)          or stay ahead of the competition.
                                                              The Hub also offers business
DWP Kickstart           HOW CAN I ACCESS IT?                  advice on how to deal with debt,
                         Find out more at the British        how to make your business
EU Transition
                          Business Bank                       investor-ready, and much more.
Innovate Funding

International Trade

Export Finance

British Business Bank
                        90,000
                        businesses in Scotland
UK Points-Based         have benefited from UK
Immigration System      Government-backed loans,
                        delivered by the British
                        Business Bank
21
UK POINTS-BASED
                        IMMIGRATION SYSTEM
Summary
Recovery & Renewal
Our Plan for Growth
10 Point Plan           Our new points-based immigration     HOW DO I ACCESS IT?                 You can also listen on
Budget 2021             system will attract the workers       Employer information              Apple and Spotify.
                        we need to build a high wage,
                        high-skill, high productivity        The Home Office has created a       Download a full
Coronavirus Job
Retention Scheme        economy. By prioritising skills,     podcast episode in partnership      transcript of
                        not nationality, this new system     with Intelligence Squared to help   the podcast.
Self-Employment         will best meet the specific needs    you prepare for the points-based
Income Support          of Scottish businesses whilst also   immigration system.
Scheme (SEISS)
                        contributing to the wider economy
                        by growing the tax base and          Listen now to Business and the
DWP Kickstart
                        attracting the best and brightest    future of immigration in 2021.
EU Transition           international talent.

Innovate Funding        WHO IS IT FOR?
                        The information is for all
International Trade
                        employers who want to
Export Finance          understand the new points-
                        based immigration system
British Business Bank   and/or hire from outside the UK
                        (excluding Irish citizens).
UK Points-Based
Immigration System

22
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