What is it?
A one-off top-up grant for retail, hospitality and leisure businesses worth up to £9,000, per property, to help businesses through to Spring 2021.
This grant is in addition to the £1.1 billion further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme.
A £594 million discretionary fund also made available to support other impacted businesses.
Who is it for?
Businesses in retail, hospitality, and leisure required to close due to the national restrictions as of 5 January 2021 may be eligible for a one-off grant of up to £9,000.
How does it work?
In England, the one-off top-ups will be granted to closed businesses 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 of over £51,000
Information on the support businesses in Scotland, Wales and Northern Ireland can receive via this grant can be found on the gov website.
What should I do next?
Visit your local council’s website to find out how to apply. You can find the website for your local council here.
Critchleys Clients: If you have specific questions, please contact your Critchleys Accountant directly.
First published 6 January 2020
Last Updated 6 January 2020
6 January 2020
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