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.

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

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