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Government Announces Grants for Businesses – 5th January 2021

The Chancellor has just announced grants for businesses –  5th January 2021

 

  • Business Grants
    • one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring
    • £594 million discretionary fund also made available to support other impacted businesses

 

The 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
    • business support is a devolved policy and therefore the responsibility of the devolved administrations, which will receive additional funding as a result of these announcements in the usual manner:
    • the Scottish Government will receive £375 million
    • the Welsh Government will receive £227 million
    • the Northern Ireland Executive will receive £127 million

 

https://www.gov.uk/government/news/46-billion-in-new-lockdown-grants-to-support-businesses-and-protect-jobs

agto@agto.co.uk
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