Businesses in the retail, hospitality and leisure sectors will receive a one-off grant worth up to £9,000 following the Prime Minister's announcement of a new national lockdown in England to tackle the growing cases of Covid-19.
There is a one-off top up grant for retail, hospitality and leisure firms worth up to £9,000 per property to help businesses through to the Spring. A £594 million discretionary fund will also be made available to support other impacted businesses. The new grant is provided on a per-property basis, and is expected to help over 600,000 business properties, worth £4 billion in total across the UK.
These new one-off grants come in addition to other business support, including grants worth up to £3,000 per month for closed businesses, and up to £2,100 per month for impacted businesses once they reopen.
This is on top of the £1.1 billion further discretionary grant funding already made available to Local Authorities, Local Restriction Support Grants worth up to £3,000 a month, and the extension of the Coronavirus Job Retention Scheme through to the end of April.
The one-off top-ups will be granted to closed businesses as follows:
Businesses should apply to their relevant Local Authorities for this grant funding. From previous experience, there is quite a variation in how quickly individual Local Authorities make funding available in their area, so it is important that business owners keep a watchful eye on when their relevant grant funding becomes available.
You are now leaving the Thomas Westcott website. Thomas Westcott is not responsible for the content of the PrimeGlobal website nor the content of the websites of other independent member firms of PrimeGlobal. Equally, PrimeGlobal is not responsible for the content of the websites of independent member firms, including the Thomas Westcott website.Go to site