Tuesday, January 05, 2021

Supporting Business through the latest challenges

This morning, the Chancellor has announced £4.6 billion in new lockdown grants to support business and protect jobs as the nation stays at home to control the virus, protect the NHS and save lives.

  • This new strain of the virus presents us all with a huge challenge - and whilst the vaccine is being rolled out, the need to tighten restrictions further will have an impact on businesses up and down the country. It is only right that we help businesses to get through the months ahead – and crucially help protect lives and livelihoods.
     
  • This new introduction of one-off top up grants for retail, hospitality and leisure sectors will help thousands of businesses across the nation, as they are able to apply for grants worth up to £9,000 on a per-property basis. A further £594 million is also being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for these grants, but may still be affected by these new restrictions.
     
  • Throughout the pandemic, the government has taken swift action to protect lives, jobs and livelihoods. This additional support will help businesses see out these latest restrictions and prepare for a time when they can reopen their doors, while ensuring the jobs and livelihoods they provide across the nation are protected.


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