Lubbock Fine, 14 January 2021
With a national lockdown predicted to continue until mid-February, the levels of uncertainty have risen for thousands of businesses across the UK.
Last week, Chancellor Rishi Sunak announced one-off grants available for businesses in the hospitality, retail and leisure sectors. The new grants are expected to benefit over 600,000 businesses and are worth £4 billion in total across all nations of the UK.
For retail, hospitality and leisure businesses, up to £9,000 per property can be claimed.
For other businesses impacted, a £594 million discretionary fund has also been made available.
The eligibility criterion is based on the rateable value of the closed business.
If you are looking for further advice on business support measures, please get in touch with Andrew Noton (email@example.com). Alternatively, feel free to contact your usual Lubbock Fine contact