COVID-19: £4.6bn new grants - Updated: 2 March 2021

  • Coronavirus: £4.6bn new grants

    In January 2021 the Chancellor has announced a new £4.6bn package of support for the retail, hospitality and leisure sectors. Businesses forced to close due the latest Coronavirus lockdown will be able to access grants of up to £9,000 per property.

     

    • A new lockdown was announced on 4 January 2021. Hospitality, leisure and non-essential retail businesses will have to remain shut until February half-term (w/c 15 February) at the earliest.
    • In order to support these businesses, a new package of grants has been made available based on the rateable value of the business property.

     

    The grants will be as follows:

     

     Grant      Rateable Value of Property

     £4,000    up to £15,000

     £6,000    £15,001 - £51,000

     £9,000    Over £51,000

     

     

    • Any business legally required to close and unable to operate remotely will be eligible for the new grants.
    • There will be a further £594 million discretionary fund also available from Local Authorities and the Devolved Administrations, where businesses are not eligible for the rates-based grants. These should be applied for locally.

     

    These new measures are on top of existing financial support packages already announced.

     

    Useful guides on this topic

     

    Covid-19: Government support tracker

    This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.

     

    Grant funding for business

    What cash grants are available to support businesses during the Cornonavirus crisis?

     

     

       Services

61 Friar Gate  Derby  DE1 1DJ

 

Registered to carry out audit work Association of Chartered Certified Accountants.

www.auditregister.org.uk under number 8011438

Member of the Association of Chartered Certified Accountants
Phone

01332 202660

Pay online

Privacy notice

Contact us

Map

Client login

 01332 202660

e-signing

guide

email