Following on from the Prime Minister’s announcement last night, the Chancellor Rishi Sunak has announced one-off new lockdown grants for retail, hospitality and leisure businesses; worth up to £9,000 per property to help businesses through to the Spring.
The grant is provided on a per-property basis to support businesses through the latest restrictions.
The one-off top-up grants will be given to closed business and the this will be calculated based on the rateable value of the property:
- £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
All payments will need to be applied for through your local council – as soon as we have further information on applications, we will keep you updated.
The new grants come in addition to the existing support already available; including the Local Restrictions Support Grants, extended furlough scheme until April and 100% business rates relief for retail, hospitality and leisure businesses.
For further financial support for your business, please visit the eligibility checker on the government website. Click here to access the eligibility checker.