Retail, hospitality, and leisure businesses are eligible for a one-time grant of up to $ 9. The Chancellor has announced that she will receive GBP 000.
This follows on from the Prime Minister’s announcement last night that these stores will be closed until at least halfway through February to help fight the virus and, along with the broad range of support available, will provide them with the spring safety period.
Cash is provided per property to help businesses with the latest restrictions. It is expected that more than 600. 000 commercial properties with a total value of 4 billion. Benefit GBP in all UK countries.
The new strain of the virus poses a major challenge for all of us – and during the introduction of the vaccine we had to tighten restrictions even further.
During the pandemic, we took rapid action to protect lives and livelihoods. Today we are announcing another cash injection to support companies and jobs until spring.
This will help companies get through the months ahead – and most importantly, it will help keep jobs so workers will be ready to come back when they can reopen.
For the local authorities and the decentralized administrations, another 594 million. GBP provided to assist other businesses that are ineligible for the grant and may be affected by the restrictions. Companies should contact their local authorities.
The new one-time grants are in addition to billions of existing business support, including grants worth up to 3. £ 000 for closed businesses and up to £ 2. £ 100 per month for affected businesses after they reopen.
The government has also given retail, hospitality and leisure businesses a 100% corporate rate relief of £ 1. 1 billion existing local government discretionary funding, the vacation program has now been extended through April, and 100% government-backed loans extended through March.
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UK, Funding, Lockdown, Finance, Thomson Reuters Corporation
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