Additional business grants – Retail, Hospitality & Leisure
As we begin the third national lockdown in the last 12 months, the chancellor has announced a new support package for affected businesses. This particular grant scheme targets UK businesses in the retail, hospitality and leisure sectors.
Value of the grant
The grant will be awarded as a single lump payment, up to the value of £9,000. The amount available is based on the rateable value of the business premises, as follows:
- Businesses whose premises have a rateable value of up to £15,000 can claim up to £4,000.
- Businesses whose premises have a rateable value of between £15,000 and £51,000 can claim up to £6,000.
- Businesses whose premises have a rateable value of more than £51,000 can claim up to £9,000.
This grant will run alongside the pre-existing grant schemes for businesses. A grant of £3,000 is available for businesses that have had to legally close, and a separate grant of up to £2,100 per month is available for impacted businesses upon re-opening.
Get in touch
If you have questions about the support that may be available for you or your business, please call the office on 01392 241228 or email misty at Misty@griffinaccountancy.co.uk.