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