British Government Provides Support for Lockdown-Hit Businesses
Business | January 5, 2021, Tuesday // 12:30
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Britain will make 4.6 billion pounds ($6.2 billion) worth of grants and financial support available to companies in sectors such as hospitality, retail and leisure to try to help them survive a new COVID-19 national lockdown.
Below are details of the new support:
- One-off top up grants will be given worth up to 9,000 pounds per property to help businesses through to the spring.
- The per-property support is expected to benefit over 600,000 business properties, worth 4 billion pounds in total across all nations of the United Kingdom.
- A 594 million pound discretionary fund will also support other impacted businesses.
- The support comes in addition to 1.1 billion pounds of grant funding for Local Authorities, and Local Restriction Support Grants worth up to 3,000 pounds a month and extension of the job furlough scheme.
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