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£4.6 billion in New National Lockdown Grants

The Chancellor, Rishi Sunak, has announced a one-off top-up grant of up to £9,000 per business for those in the retail, hospitality and leisure sectors, that have been made to close during the latest lockdown.

A further £594 million discretionary fund has also been made available to support others impacted businesses

This comes in addition to £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,

The new 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

Find out more from the government website.