The Chancellor has announced a new £4.6bn package of support for the retail, hospitality and leisure sectors. Businesses forced to close due the latest Coronavirus lockdown will be able to access grants of up to £9,000 per property.

  • A new lockdown was announced on 4 January 2021. Hospitality, leisure and non-essential retail businesses will have to remain shut until February half-term (w/c 15 February) at the earliest.
  • In order to support these businesses, a new package of grants has been made available based on the rateable value of the business property.

The grants will be as follows:

 Grant Rateable Value of Property
 £4,000  up to £15,000
 £6,000  £15,001 - £51,000
 £9,000  Over £51,000

 

  • Any business legally required to close and unable to operate remotely will be eligible for the new grants.
  • There will be a further £594 million discretionary fund also available from Local Authorities and the Devolved Administrations, where businesses are not eligible for the rates-based grants. These should be applied for locally.

These new measures are on top of existing financial support packages already announced.

Useful guides on this topic

Covid-19: Government support tracker
This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.

Grant funding for business
What cash grants are available to support businesses during the Cornonavirus crisis?

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