£4.6bn of new lockdown business grants announced
Posted on: 05/01/21
Chancellor Rishi Sunak has announced that retail, hospitality and leisure businesses will receive up to £9,000 in one-off grants to help them through latest Covid-19 closures and restrictions.
Mr Sunak has revealed new measures totalling £4.6 billion to help struggling firms after lockdowns were announced in England and Scotland yesterday.
The latest support package also includes a £594m discretionary fund for other businesses that might be affected, an additional £1.1 billion in discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme, until the end of April.
This money will be made available by local authorities. Retail BID will update members when the funding becomes available and applications can be made.