The Chancellor has 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.
Central Government have also made additional funds available to local authorities to make discretionary payments to affected businesses in their area.
You will appreciate that there have been various forms of support available to employers and the self-employed, including sole traders and limited company directors. You may be eligible for loans, tax relief and cash grant, the qualification criteria can be different for packages with similar names, please use the link below to find what support is available to you and your business.