£4.6 BILLION In Grants Available NOW!
The Chancellor, Rishi Sunak, has unveiled a new cash injection for UK sectors that will be the most affected by the new national lockdown.
To help retail, leisure and hospitality businesses through to Spring, you will now be able to access grants of up to £9,000!!!
Sunak has recognised that these businesses need additional help: “This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.”
Eligibility….
This one-off grant will be open to businesses in retail, leisure and hospitality that have been forced to close because of the lockdown. These are the firms that are legally required to close, and which cannot operate effectively remotely.
The amount will be judged on the rateable value of the premises.
£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
Grants are provided by local councils. Businesses will be able to apply to their local authorities. Find your local council website here.
Additional support….
If you aren’t eligible for this new grant, Sunak has also rolled out a further £594m for local authorities and devolved administrations.
He also announced that the Self-Employment Income Support Scheme will be extended, although didn’t share any information on it as yet.
This recent cash injection is in addition to a number of existing grants worth up to £3,000, the business lending packages (CBILS and BBLS) and the extension of the furlough scheme
If you are not sure if this affects you, please drop us an email at rethink@rethinkaccountancy.co.uk to find out if we might be able to help you right now!