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The chancellor has announced that businesses in the retail, hospitality and leisure sectors are to receive a one-off top up grant, as result of Lockdown 3.
The one-off grants will be linked to business rates and will consist of payments of:
The Chancellor has said that these grants will give businesses the financial support and help them survive through spring. As businesses will be closed until at least February half term. The chancellor has also announced further grants to help businesses through the latest restrictions:
The Devolved Governments will also receive grants to support businesses, which will contribute to funding already provided by the UK Government.
For more information on the available grants click here.