Rishi Sunak unveils £4.6bn in new lockdown grants – up to £9,000 per business property

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The Chancellor announced retail, hospitality and leisure businesses could claim up to £9,000 per property to help them through the coming months.

A further £594million has been made available to local authorities to give to businesses who do not qualify for the one-off top up grants.

The new funding was announced after the Prime Minister last night plunged England into a new lockdown lasting at least seven weeks.

However, this morning Cabinet Secretary Michael Gove indicated the draconian measures would liekly continue into March and beyond.

All non-essential shops have been forced to close along with leisure facilities such as gyms and swimming pools.

Announcing the extra-funding, Mr Sunak said: “The new strain of the virus presents us all with a huge challenge – and whilst the vaccine is being rolled out, we have needed to tighten restrictions further.

“Throughout the pandemic we’ve taken swift action to protect lives and livelihoods and today we’re announcing a further cash injection to support businesses and jobs until the Spring.

“This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.”

More to follow…

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