New grants available for businesses affected by local lockdowns

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Businesses in England required to close due to local lockdowns or targeted restrictions will now be able to receive grants worth up to £1,500 every three weeks, chief secretary to the treasury Steve Barclay has told MPs.

To be eligible for the grant, a business must have been required to close due to local Covid 19 restrictions.

The largest businesses will receive £1,500 every three weeks they are required to close. Smaller businesses will receive £1,000.

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Payments are triggered by a national decision to close businesses in a high incidence area. Each payment will be made for a 3 week lockdown period.

Each new 3 week lockdown period triggers an additional payment.

Barclay said: “These grants provide businesses with a safety net as they temporarily close their doors to help save lives in their local areas.

“As local economies eventually and carefully re-open after local interventions, our Plan for Jobs is there waiting to help businesses get back on their feet, protect jobs and thrive in the future.”

Business secretary Alok Sharma added: “No business should be punished for doing the right thing, which is why today’s package will offer additional breathing space for businesses that have had to temporarily close to control the virus.

Through our wider Plan for Jobs, we will continue to back our innovators and job creators across the country who are playing a critical role as we build back better from the pandemic.”

Tags : businessCoronavirusFundinglockdown
Alex Douglas

The author Alex Douglas

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