Residential property
14 May 2020 News

Scottish Government to launch Emergency Loan Fund for SME Housebuilders

The Scottish Government has announced that it will shortly launch a £100m emergency loan fund to support SME Housebuilders during the COVID-19 pandemic.

Housebuilders with a turnover of less than £45m per annum and who build five or more homes per year will be eligible.

Loans from £50k to £1m are available for two year terms with interest set at 2% pa.

The scheme launches at 2pm on Monday 18 May and further detail can be found here.

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