Further to the announcement by Boris Johnson of the new national lockdown, Rishi Sunak has announced a small amount of further financial support for business.
One off top up property grants for closed retail, hospitality, and leisure business worth £4,000 per property (for properties with rateable value of £15,000 or less), £6,000 (for properties with rateable value between £15,000 and £51,000) and £9,000 (for properties with rateable value of over £51,000).
A £594m discretionary fund made available to support other local businesses.
The above measures are in addition to the £1.1bn discretionary funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month for closed businesses (and up to £2,100 for impacted businesses once they reopen) in addition to the extension of the furlough scheme announced before Christmas.
Businesses should apply to their Local Authorities for the discretionary grants. More information here
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If you would like to speak to someone regarding any of these measures and to see how we can help you, please get in touch with your usual contact at Rayner Essex or fill out the form below and we will get back to you.
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