Today, the Chancellor has announced a series of one-off top-up grants for businesses in retail, hospitality and leisure.
This is designed to help support businesses which will have to close until at least February half-term, as announced by the Prime Minister last night.
The one-off top-ups will be granted to closed businesses as follows:
– £4,000 for businesses with a rateable value of £15,000 or under
– £6,000 for businesses with a rateable value between £15,000 and £51,000
– £9,000 for businesses with a rateable value of over £51,000
We will keep you updated as soon as more details are made available on how to apply for the grants.
You can read HM Treasury’s press release here: gov.uk/government/news/46-billion-in-new-lockdown-grants-to-support-businesses-and-protect-jobs