With only £3.9m available for new applicants, and most event businesses not eligable to apply for EISF1, it seems EISF2 would still be a good bit short of the mark to be able to reach everyone who needs it.
But with further £7m announced today, which points to a split (TBC) between EISF2 and the Pivotal Fund (which we know is very oversubscribed) hopefully this will fill a lot of the gaps.
Here is the guidance for the new round, which casts a far wider net and hopefully reaches those that need it most and missed out last time
https://www.visitscotland.org/events/funding/coronavirus-support-fund