Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the Chancellor announced on 5th January.
The Chancellor announced one-off top-up grants for retail, hospitality, and leisure businesses worth up to £9,000 per property to help businesses through to the Spring. In addition, there is a £594 million discretionary fund also made available to support other impacted businesses.
The grants will be provided on a per-property basis to support businesses through the latest restrictions and are expected to benefit over 600,000 business properties, worth £4 billion in total across all nations of the UK.
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. Businesses should apply to their Local Authorities.
The one-off top-ups will be granted to closed businesses as follows:
Business support is a devolved policy and therefore the responsibility of the devolved administrations, which will receive additional funding as a result of these announcements in the usual manner:
For England, the eligibility guidelines can be seen at: https://www.gov.uk/guidance/check-if-your-business-is-eligible-for-a-coronavirus-grant-due-to-national-restrictions-for-closed-businesses?utm_source=91047667-9914-4b82-bf64-0a22ccd9fd94&utm_medium=email&utm_campaign=govuk-notifications&utm_content=daily