Food and drink wholesalers handed £5m lifeline
Colin Smith: ‘This funding will make a huge difference’
Scottish food and drink wholesalers have been handed a £5 million lifeline to help cover fixed costs associated with the pandemic.
This sector-specific grant aid follows months of lobbying by the Scottish Wholesale Association and will help those who have lost up to 95% of their food service income.
The fund will be targeted at those who sell to hospitality, on-trade or public sector clients and have seen sales fall by 20% or more since March.
It is intended to cover the shortfall in revenue and fixed operating costs such as business rates, rent, loan repayments, utilities and insurance as well as specific costs such as the loss of stock.