COVID-19: new lockdown grants announced

Written By Joe Troughton

Chancellor Rishi Sunak has this morning announced a new grants package available for businesses in the retail, hospitality and leisure sectors. These grants are one-off, top up grants and will be available to businesses that are closed as a result of the latest lockdown.

The grants available are staggered depending on the rateable value of each business 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 exceeding £51,000

The grants are available on a per-property basis.

Full details can be found here.

If your business is eligible for the grant, applications are to be carried out via your local council.

As ever, should you require any further clarity or information, please don’t hesitate to give us a call.

Joe Troughton
Previous

COVID-19: self-assessment filing deadline extended
Next

COVID-19: full details of the Self Employment Support Scheme (SEISS) third grant have been released - and HMRC have changed eligibility.