£4.6 Billion In New Lockdown Grants Available!

Chancellor Rishi Sunak has revealed new lockdown grants for any retail, hospitality and leisure firms forced to close. These are one-off grants of up to £9,000 per property, as part of a new £4.6bn package ...

Designed to help more businesses through the third lockdown, these top-up grants will benefit more than 600,000 business premises. It will hopefully sustain jobs in these sectors so employees can return when the business is able to reopen again.

"These one-off grants range from £4,000 to £9,000 depending on the rateable value of the premises!"

There's a further £594m available for local authorities and devolved administrations to offer further support to businesses not eligible for these top-up grants, but are still affected by lockdown restriction.

Already facing extreme difficulties after 2020, many businesses won't survive without these extra grants. I feel the Chancellor's announcement has gone a long way to helping businesses survive.

However, the question around additional support to businesses that supply these sectors hasn't been answered for now. What support will food and drink manufacturers and suppliers receive in the face of these new lockdown closures?

Like you, I'm waiting on further announcements from the Government and will blog about anything new I hear, so watch this space.

If you feel inspired to find out more about anything I've said here, do call me on 01908 774320 or leave a comment below and I'll be in touch as soon as I can.