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Fund title: New Lockdown Grants for businesses

Focus of fund/fund aims:

Businesses that have been required to close due to the national lockdown as of 5 January 2021 may be eligible for a one-off grant of up to £9,000

Application deadline:

To be advised

Fund description:

In the light of the current national lockdown, businesses in the retail, hospitality and leisure sectors are to receive a one-off government grant worth up to £9,000.

The new one-off funding will be based on business property rateable values:

  • £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 over £51,000

A further £594 million is also being made available across the UK to support other businesses not eligible for the grants, that might be affected by the restrictions.

The new grant schemes are not yet live but businesses should refer to the website for their District Council where information will be posted once the details are finalised:

Further information:

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