The Chancellor has today announced that retail, hospitality and leisure businesses will receive a fresh round of grants to help them cope with the new lockdown measures. If a business is forced to close as a result of the restrictions, they will be entitled to:
- £4,000 if the property they occupy has a rateable value of £15,000 or less
- £6,000 if the property they occupy has a rateable value of between £15,000 and £51,000
- £9,000 if the property they occupy has a rateable value of over £51,000
The grants are per property and administered by local authorities in England. If a client is based in Scotland, Wales or Northern Ireland you should check with the relevant authority to check the available support. More information will be published by us when we know more.
Central Government have also made additional funds available to local authorities to make discretionary payments to affected businesses in their area. You should check with the relevant authority to see what support might be available to you: