New Government grants for retail, hospitality and leisure

Following the Prime Minister’s announcement that retail and leisure business will be closed until at least February half-term , Rishi Sunak announced a further one-off top up grant for these industries worth up to £9,000 per property.

The cash is provided on a per-property basis to support businesses through the latest restrictions, and is expected to benefit over 600,000 business properties, worth £4 billion in total across all nations of the UK.

An additional £594 million discretionary fund has also been made available to support other impacted businesses, on top of £1.1 billion grant funding for Local Authorities, Local Restriction Support Grants and an extension of the furlough scheme

For full details and to see if your business qualifies click here.

The contents of this article are for the purposes of general awareness only. They do not constitute legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.

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