On 5 January, the Chancellor announced a further round of one-off grants for the retail, hospitality and leisure sector businesses.
As with the previous rounds of such funding the grants will be based on rateable value of property, and on a per property basis. The amounts being 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
The grants will be administered by local authorities/councils.
As with the previous rounds of funding, there should be no required action from qualifying businesses as the relevant local authority/council should be in contact with them in relation to this new grant.
The Chancellor also announced a discretionary grant fund that will be made to councils to administer support to businesses that are impacted by the restrictions but do not qualify for the above one-off grant.
For a full round up of government grants administered by local councils for businesses impacted by the Coronavirus and businesses that have had restrictions imposed on them click here for:
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