£4.6 billion in new lockdown grants to support ‘non-essential’ businesses
The Chancellor announced this morning one off grants to support businesses in the retail, hospitality and leisure sectors.
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Further to the Prime Minister’s announcement last night that the whole of England has been placed under a full lockdown, the Chancellor has announced one-off top up grants to provide support to retail, hospitality and leisure businesses worth up to £9,000 per property to help them through to the Spring.
The one-off top-ups will be granted to closed businesses as follows:
- £4,000 for businesses with a rateable value of £15,000 or under
- £6,000 for businesses with a rateable value between £15,000 and £51,000
- £9,000 for businesses with a rateable value of over £51,000
A £594 million discretionary fund has also been made available to support other impacted businesses together with an additional £1.1 billion discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme.