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COVID: Update on grants available to COVID-affected businesses

12:07 pm, Tuesday, 5th January 2021 - 2 weeks ago

COVID-19

On 4 January, the Prime Minister announced a national lockdown, with many non-essential businesses required to close once again until at least February half-term.

Today, the Chancellor has announced a one-off top up grant for businesses in the retail, hospitality and leisure sectors, worth up to £9,000 per property to help businesses through to the Spring.

The new one-off grants come in addition to existing business support grants of up to £3,000 for ratepaying businesses who are forced to close.

Additionally, the Chancellor has announced a discretionary fund to support other impacted businesses.

Government has announced that the one-off top-ups will be granted to closed businesses on a per property basis 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

Cllr Philip Jackson, leader of the Council said: “We are awaiting further details on our allocation of funds and will release information as soon as we are able to about how businesses will be able to access this money. We know how much businesses in our area are being impacted by the effects of the virus, and we are doing everything we can to provide help and support as quickly as possible.”

Please continue to check our website for updates www.nelincs.gov.uk/covid-19-guidance-and-support/covid-19-business.

A list of businesses that must close is available from www.gov.uk/coronavirus.

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