Tag: financial support

Increased support for students

Uplift in bursaries and loan packages

Financial support available to undergraduate students will rise by £900 from the start of the 2023-24 academic year.

Estranged students in higher education and other undergraduate learners with the lowest household income will see their maximum support package increase from £8,100 to £9,000 per year, as the ceiling for all student loan applications is uplifted by £900.

The annual non-repayable Care Experienced Bursary for eligible higher education students will also increase to £9,000. In further education, a £900 increase will also be applied to the maximum bursary rate available to care experienced students.

These increases will be available to students already at college and university and for new students beginning their studies from Autumn 2023.

Students in need of immediate financial support for the 2022-23 academic year are still able to apply to their college or university for assistance through their Discretionary Funds.

Higher and Further Education Minister Jamie Hepburn said: “This rise in support will help to alleviate the financial pressures facing many students as we grapple with the cost-of-living crisis.

“The maximum financial support package available to the most vulnerable students and those from the lowest household incomes in Higher Education will rise to £9,000. This is the next step in delivering our commitment to provide a total package of student support equivalent to the living wage.

“Increasing the Care Experienced Bursary will help more of Scotland’s Care Experience community to access further and higher education and fulfil their potential.”

Who Cares? Scotland CEO Louise Hunter said: “It’s great to hear news of the £900 increase in financial support available to students in Scotland. I’m sure this will be welcomed by many students who are struggling to balance their education and finances during the cost-of-living crisis.

“Raising the Care Experienced Student Bursary to £9,000 per year responds to the specific challenges this group can face. For many Care Experienced people without family to rely on for support during their studies, they can face greater barriers in realising their lifelong right to education.

“We know that Care Experienced people are often disproportionality disadvantaged compared to their peers and in recognition of this Who Cares? Scotland will continue to fight for the rights of Care Experienced Students – as committed to within The Promise. This means we can ensure all members of our community are given the right support to thrive.”

Local author launches new history book thanks to Scotmid donation

Three Scotmid East Committee Members attended a local book launch at The Crannie Community Hub in Edinburgh’s Old Town after the community-based Scottish retailer provided a £5,000 donation towards the funding of the book’s print, design and publishing costs.

Local author, Richard Rodger, has released his latest book, Happy Homes: Cooperation, Community and the Edinburgh Colonies, following publication this month. The book explores the building and management of 11 different sites of houses built for workers, to a distinctive design by the Edinburgh Cooperative Building Company (ECBC).

Scotmid provided the funding to help shed light on the history of co-operatives across Edinburgh and their importance during a time when Scotmid Co-operative (formerly St. Cuthbert’s Co-operative) was formed.

Harry Cairney said: “Richard’s book provides great insight into the local community, and we were more than happy to support his book launch. The Edinburgh ‘Colonies’ have been a distinctive housing phenomenon for more than 160 years and have a remarkable history, which I’m sure will be of great interest to readers.

“As a convenience retailer, based in the heart of those communities we serve, this donation is just one of the ways we look to provide support to individuals, charities and good cause groups.”

Richard Rodger said: “I am so grateful for the support from Scotmid which has helped me to bring this book from an initial idea through to publication. It’s great to see it in print and I was honoured that Harry, Eddie and Brian took the time to come along to our local community hub for the launch.”

Pictured from left to right: Eddie Thorn, Director and East Regional Committee Member, Harry Cairney, President of Scotmid, Brian Weddell, East Regional Committee Member, and author, Richard Rodger.

HMRC: 323,700 tax credits customers have one month left to renew

323,700 customers are yet to renew their tax credits ahead of the deadline, with HM Revenue and Customs (HMRC) reminding them to do so by 31 July – or their payments will stop.

Tax credits help working families with targeted financial support – so it’s important that customers renew before the deadline to ensure they don’t miss out on money they’re entitled to.

Customers can renew their tax credits for free via GOV.UK or the HMRC app.

Renewing online is quick and easy. Customers can log into GOV.UK to check on the progress of their renewal, be reassured it’s being processed and know when they’ll hear back from HMRC.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “There’s just one month to go for our tax credits customers to renew. It’s easy to do online or on the HMRC app – search ‘tax credits’ on GOV.UK.” 

Customers choosing to use the HMRC app on their smartphone can:

  • renew their tax credits
  • make changes to their claim
  • check their tax credits payments schedule, and
  • find out how much they have earned for the year

HMRC has released a video to explain how tax credits customers can use the HMRC app to view, manage and update their details.

If there is a change in a customer’s circumstances that could affect their tax credits claims, they must report the changes to HMRC. Circumstances that could affect tax credits payments include changes to:

·         living arrangements

·         childcare

·         working hours, or

·         income (increase or decrease)

The UK Government has recently announced a Cost of Living Payment of £650, payable in two separate lump sums of £326 and £324, for households receiving certain benefits or tax credits, to help with the cost of living.

If tax credits only, they are eligible for each payment. HMRC will contact them and issue payments automatically, with the first being made by the autumn. Customers do not need to contact HMRC or apply for the payment.

More information on the Cost of Living Payment, including eligibility, is available on GOV.UK.

Tax credits are ending and will be replaced by Universal Credit by the end of 2024. Many customers who move from tax credits to Universal Credit could be financially better off and can use an independent benefits calculator to check. If customers choose to apply sooner, it is important to get independent advice beforehand as they will not be able to go back to tax credits or any other benefits that Universal Credit replaces.

HMRC is urging customers never to share their HMRC login details. Someone using them could steal from the customer or make a fraudulent claim in their name. HMRC is also warning people that if someone contacts them saying that they are from HMRC and wants the customer to transfer money urgently or give personal information, they should never let themselves be rushed. 

The department urges people to take their time and check HMRC’s advice about scams on GOV.UK.

Young people urged to apply for Job Start Payment

Extra money for unemployed young people who are starting work

Eligible 16-24 year olds who are already receiving certain other benefits or tax credits are being encouraged to apply for Job Start Payment – a one-off payment worth £267.65, or £428.25 if the applicant has children.

Job Start Payment helps young people with the costs of starting a job after a period of being unemployed. The payment can help with the costs of travel, work clothes or childcare.

Speaking at Start Scotland, which delivers an employability programme supporting young people in Edinburgh, Minister for Social Security Ben Macpherson said: “Our Job Start Payment provides financial support for eligible young people who are starting a new job.

“We have provided this payment since summer 2020 and want to see even more people making use of it, particularly given the current cost of living pressures.

“The payment is designed to support young people with the costs of starting a job by relieving financial pressures, as they wait for their first pay cheque.

“We are also helping young people to access education and employment by providing free bus travel to all under 22 year olds. This will help young people travel sustainably, while cutting commuting costs for people starting a new job – meaning that young people can use their Job Start Payment to pay for other costs.

“I would encourage anyone who thinks they may be eligible to find out more from Social Security Scotland and apply for this benefit, which is only available in Scotland.”

Job Start Payment is available to eligible young people who have been offered a job after being out of work for at least six months to the day they were offered the job and are in receipt of a qualifying benefit.

Care leavers can apply for a further year, up to the day before their 26th birthday, and only need to be out of work and in receipt of a qualifying benefit on the day of their job offer.

Young people can find pre-application advice for Job Start Payment, which includes eligibility and award amounts, and apply at the mygov.scot website.

HMRC customers in Scotland encouraged to check out financial support available to them

Customers in Scotland are being encouraged to check online for the range of financial support available from HM Revenue and Customs (HMRC) to help with living costs.

HMRC has listed the support available in one place to ensure people are not missing out and can easily find out online if they are eligible and how to claim.

The new GOV.UK page pinpoints people to a one-stop shop of all the benefits, credits and allowances available to individuals and families, making it easier than ever for people to claim what they are entitled to.

This includes:

Child Benefit

Child Benefit can be claimed if someone is responsible for bringing up a child who is:

  • under 16
  • under 20 if they stay in approved education or training

Only one person can get Child Benefit for a child. It’s paid every 4 weeks and there’s no limit to how many children you can claim for.

Tax-Free Childcare

Working parents can get assistance of up to £500 every 3 months (up to £2,000 a year) for each of their children to help with the costs of childcare until the September after their 11th birthday. If a child is disabled, this goes up to £1,000 every 3 months until the September after their 16th birthday (up to £4,000 a year).

Marriage Allowance

Marriage Allowance allows individuals to transfer 10% (£1,260) of their personal tax allowance to a husband, wife or civil partner if they earn less than the personal tax allowance, which is usually £12,570.

Work-related expenses and uniform allowances

Tax relief can be claimed on money spent on things like work uniform and clothing, tools, subscriptions or business travel.

The GOV.UK page also includes guidance for those on a low income wanting to make the most of their savings and help for those struggling to pay their tax bill.

Myrtle Lloyd, Director General Customer Services Group, HMRC: “We understand these are very difficult times for many so it’s vitally important we continue to highlight the range of support available.

“We’d encourage those who think they may be eligible for support to take a look and claim what they’re entitled to – it could make an important difference to household budgets at a time when it’s needed the most.”

Additional online tools and guidance are available to help customers check if they are eligible for each service – as well as extra support to guide them through the application process.

Lifeline: Further £2 million to support outdoor education 

Outdoor education centres facing financial challenges as a result of the COVID-19 pandemic can apply this month to a new £2 million fund.

Available for private sector and third sector centres, the support will help with running costs and enable staff to deliver more outdoor learning for schools.

The funding brings the Scottish Government’s support for the sector during the pandemic to £4.5 million.

Minister for Children & Young People Clare Haughey said: “For many organisations that provide residential outdoor education, the pandemic has caused significant challenges and it’s been a really hard time for them.

“The experiences provided by these centres are vitally important for our children and young people. This additional £2 million will help outdoor education centres through what we hope will be the final phase of this pandemic.

“It will mean more opportunities for children and young people to get the engaging, enriching and exciting outdoor education experiences they deserve.”

Martin Davidson, The Outward Bound Trust, said: “Outdoor Centres warmly welcome the additional emergency funding from the Scottish Government. Whilst technically outdoor residential experiences have been able to resume since August, coronavirus continues to make the return to financial sustainability challenging.

“The funding will help ensure that outdoor centres do not close, and that the transformative experiences they offer remain available to future generations of young people.”

The £2 million in funding is on top an initial £2 million provided in early 2021 and a further £500,000 provided for a range of outdoor learning projects during summer of that year, bringing the Scottish Government’s total additional investment in outdoor learning to £4.5 million.

Funding available for Edinburgh B&Bs impacted by Hogmanay cancellations

Edinburgh launches Discretionary Fund Bed & Breakfast Business Support Grant

A new business grant fund offering vital money to support Edinburgh’s B&B and guesthouse businesses directly impacted by the cancellation of Edinburgh’s Hogmanay Events has been launched by the City of Edinburgh Council.

The Discretionary Fund Bed & Breakfast Business Support Grant will support those B&B/guesthouse businesses that lost revenue over the critical new year period with a one-off payment of £1,000 or £2,750 depending on whether the premises are registered for business rates or Council Tax respectively.

Businesses that are eligible and have received Covid-19 business grant support in the past will be contacted directly for additional information required to process this payment.

Any B&B businesses that haven’t received previous Covid-19 business support funding but commenced trading before 30 November 2021 can apply by going to the City of Edinburgh Council website and following the application process.

The fund will close for applications at 10am on 17 February 2022 or earlier if the fund has reached capacity. As the fund is limited, in the event of an oversubscription of applications, awards will be made on a first come first serve basis.

Councillor Kate Campbell, Fair Work Convener, said: ““This winter has been incredibly difficult for B&B owners and everyone they employ so it’s really important that they have access to all support available.

“This funding from the Scottish Government comes at a critical time and I want to urge everyone in the sector to apply quickly for financial help.”

Councillor Mandy Watt, Fair Work Vice Convener, added: “Many of our city’s B&Bs are small, independent, family-operated businesses and every loss of income counts.

“We know that the necessary cancellation of Hogmanay events was another big blow to B&B owners but I hope this fund helps this vital part of our economy to regain strength.”

For questions, please email BGI@edinburgh.gov.uk

Scottish government: Financial support for professional sports

Professional sports affected by the recent COVID-19 crowd limits have been allocated £2.55 million in financial support from the Scottish Government.

The funding comes from the £5 million announced for professional sport on 5 January, as part of £375 million in wider business support.  It will  support up to 75% of losses after the Omicron outbreak saw a limit of 500 introduced on outdoor crowds.

This restriction will be lifted tomorrow – Monday 17 January.

The funding will also support clubs impacted by the limit of 200 on indoor sports. The traditional Boxing day Premier League football fixtures and  horse racing at Musselburgh on New Years Day were among the events affected by the restrictions.

Sports minister Maree Todd said: “These sports  clubs are at the heart of their communities, but many of them have suffered real hardships as the necessary COVID-19 lockdown restrictions meant attendances were heavily restricted.

“This funding will help to ensure clubs are able to bridge the gap in revenue, as spectators  return safely to sports events in larger numbers when these restrictions are eased next week.

“This Government has pledged to provide  funding to support organisations affected by the necessary measures to keep us all safe and these allocations show we are doing this.

“We will continue to work in partnership to support all our sports clubs to help them through this difficult time and to ensure this  funding can be accessed by all clubs as efficiently as possible.”

The funding package is split as follows:

  • Ice hockey – £350,000
  • Basketball – £20,000
  • Horse Racing – £265,000
  • Rugby – £125,000
  • Football – £1.79million

Total: £2.55 million

Further funding from the £5million may be allocated in the event of further restrictions having significant financial impacts.

Ice hockey and basketball clubs affected, deemed to be most in need, will receive their funding directly from sportscotland.

The other sports will see the funding provided to governing bodies who will then distribute it to members. The amounts for each football club will be finalised by the SFA/SPFL  after this weekend’s fixtures, as they are included in the period of restrictions.

UK Government confirms extra funding for devolved governments to tackle Covid

Additional funding from the UK reserve will be made available to the governments in Scotland, Wales and Northern Ireland to progress their vaccine rollout and wider health response, the UK Government has confirmed today. 

While the devolved administrations are well-funded to continue their response to Covid-19, and have their own reserves and contingency funds, any additional in-year Barnett funding will not be confirmed until early 2022 through the Supplementary Estimates process. 

HM Treasury has therefore announced that additional funding will be made available to the devolved administrations to provide greater certainty and allow them to plan as they tackle Covid-19 during the crucial weeks ahead.  

HM Treasury will set this amount of additional funding in the coming days and will keep it under review in the following weeks.

The UK Government has already provided the devolved administrations with an extra £12.6 billion through the Barnett formula this year – this includes £1.3 billion confirmed at the recent Autumn Budget and takes their total funding this year to £77.6 billion.

This is on top of UK Government spending on vaccines and tests for the whole of the UK and UK-wide support for businesses and jobs. 

Chancellor Rishi Sunak said: “Throughout this pandemic, the United Kingdom has stood together as one family, and we will continue to do so.  

“We are working with the governments in Scotland, Wales and Northern Ireland to drive the vaccine rollout to all corners of the United Kingdom and ensure people and businesses all across the country are supported.” 

If the amount of funding provided up front to each devolved administration is more than the Barnett consequentials confirmed at Supplementary Estimates then any extra amount will be repaid in 2022-23, or over the Spending Review period if necessary.  

If the Barnett consequentials are higher than the amount provided up front the devolved administrations will keep the extra funding.

The news was released as First Minister Nicola Sturgeon was updating MSPs on the latest coronavirus restrictions.

Tackling coronavirus in Scotland: £25 million to improve ventilation

Business premises will be able to access a £25 million package to improve ventilation and reduce the risk of coronavirus (COVID-19) transmission.

Grants will target a wide range of high risk settings where people come into close proximity, including restaurants, bars and gyms, with support available to help companies undertake work such as the installation of carbon dioxide monitors and altering windows and vents.

An expert advice group, chaired by Professor Tim Sharpe from the University of Strathclyde, unanimously recommended that businesses should be supported to improve ventilation. The Group was established in August to advise how enhanced ventilation can help reduce transmission of the virus.

First Minister Nicola Sturgeon said: “As we step away from other mitigations, improved ventilation will play a significant role in reducing transmission indoors, support the sustained opening of society and contribute to our wider Covid recovery.

“Many of the businesses we are targeting have been closed for long periods and it is right that they are helped to undertake this work. We are allocating up to £25 million to assist small and medium-sized enterprises and expect to begin making payments in November.

“The package will initially target higher risk sectors where people spend significant amounts of time in close proximity to each other, such as hospitality and leisure, and will make indoor settings safer, especially through the winter months.”

Further details of the grants, including eligibility and timing, will be published on findbusinesssupport.gov.scot in due course.