That is an important area in terms of the funding support. Three streams of funding are available. As Claire Baker indicated, the first stream is the newly self-employed hardship fund. The second stream is the creative, tourism and hospitality enterprises hardship fund. We have increased that to £40 million, although the level of demand is challenging and we cannot help everybody. [Fiona Hyslop has corrected this contribution. See end of report.] The third stream is the pivotal enterprise resilience fund. The money in that fund was initially £45 million, but we have increased it to £120 million. The money comes from the consequentials that we have received.
We have identified additional support for the business sector. I have worked carefully and closely with the finance secretary to identify how we can resource that important area.
The three funds that I described are not available in any other part of the United Kingdom; it is tailored support for Scotland. We knew that, in Scotland, the cultural and tourism sectors would need support, because they closed earlier and would have longer to survive.
On your question about how long the money will have to last, the funding was an initial response to immediately address a cash-flow issue that people had identified; we are now looking to the longer term. I cannot give a definitive answer to what we can do in the future, but we have moved swiftly. I remind members that applications for the newly self-employed hardship fund, the creative, tourism and hospitality enterprises hardship fund and the pivotal enterprise resilience fund opened on 30 April and they are now paying out.
There is oversight to make sure that pay-outs go to those who apply from the creative sector. We put together a team to do that; although Scottish Enterprise leads it, Highlands and Islands Enterprise, South of Scotland Enterprise, VisitScotland and Creative Scotland are involved in developing the scheme, and the oversight of it, to make sure that there is geographical and sectoral balance.
You asked about the number of organisations that would benefit from the support. We cannot answer that yet, because we are in the middle of making payments—most of the pay-outs and grants are being delivered this week.
About a quarter of the creative, tourism and hospitality enterprises hardship fund is for the cultural sector. About a fifth of the pivotal enterprise resilience fund—which is for all sectors—is for the creative industry sector. I am not saying that there will be an absolute read-across on the amounts of funding from the schemes that will then deliver to the cultural and creative sectors. People have been applying for different amounts and they have been realistic about what they need. The funds—particularly the creative, tourism and hospitality enterprises hardship fund—were aimed at those people who had not been able to get funding from the initial phase 1 grants, which were driven by their access to and eligibility for the small business bonus scheme and rates relief. Many cultural organisations and individuals will not be supported by the initial grants, which is why our funds are there.
I can reassure Claire Baker: I understand the key interest for theatres and music venues that have received or are about to receive funding, and I am giving particular interest and oversight to that. Rather than have something bespoke, the approach that was taken was probably the quickest and most effective way to get funding at scale and to many people. Because I believe that the cultural sector is as important as many other sectors in the economy—if not more so—I was keen to ensure that those venues benefited from the mainstream funds.
I hope that that gives the member some reassurance. As for the distribution of the funds, I cannot name names: as of today, people might not know whether they will receive funding or not. There are people who will be disappointed; I understand that, but there is a limit to the resource that we have. We are trying to be smart with the funding that we are distributing, and the scheme that we are using is unique to Scotland.
I will keep a keen eye on what is happening with music venues in particular, but I am not saying that that is the end of the story. I think that that is what the member is asking about. It cannot be the end, because we know that there will be a further period when it will be difficult to trade. As yet, however, I cannot give an immediate answer. We are examining our Scottish Government budget, and I am having regular calls with UK ministers. I particularly want to find a solution that keeps income going. We are now at the stage where we have to consider the needs of individual businesses and of the cultural sector. A broad-brush approach has taken us to the current position, but I am conscious that we need to be a bit more responsive to individual needs when we can be, and to give advice.
As a politician, Claire Baker will know that politics is about priorities, as we cannot do everything for everybody. However, we will see what we can do for this area. People will want to enjoy their music. As she has indicated previously, there is also the matter of growing talent. I am concerned about how we retain the talent that we have and how we help people to exercise their artistic ability. What about people with new, emerging talent? How do we support them in the time ahead? They will not necessarily have the platforms that their predecessors had. I am very interested to talk to Creative Scotland about that.