Lockdown 3.0 Support Package Announced
Chancellor Rishi Sunak has announced an update on the support package after the UK's third national lockdown as announced. A press release from the Treasury has announced a £4.6bn support package for business.
https://twitter.com/RishiSunak/status/1346386597051248640
The package includes:
One-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring broken down into:
£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
Other details known so far on the support package include:
£594m discretionary fund also made available to support other impacted businesses
£1.1bn further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and extension of furlough scheme until April
