New Lockdown Grants For Retail, Leisure and Hospitality Sectors
The Chancellor has announced grants for businesses in the retail, hospitality and leisure sectors.
The one-off top-up grants will be provided on a per property basis to businesses closed as a result of the latest restrictions 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 further £594 million is also being made available for local authorities and the devolved administrations to support other businesses not eligible for the grants, that might be affected by the restrictions. The new one-off grants are in addition to the existing business support, including grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen. We will continue to keep you updated as this evolves.