British businesses in the retail, hospitality and leisure sectors will receive a one-off grant worth up to £9,000, chancellor of the exchequer Rishi Sunak has announced. This follows Prime Minister Boris Johnson’s recent announcement that these business will be closed until at least February half-term to help control the novel coronavirus.
A £594-million discretionary fund has also been made available to support other affected businesses, an official release said.
All this comes in addition to £1.1 billion further discretionary grant funding for local authorities, Local restriction support grants worth up to £3,000 a month and extension of the furlough scheme.
The cash is provided on a per-property basis to support businesses through the latest restrictions, and is expected to benefit over 600,000 business properties, worth £4 billion in total across the United Kingdom.
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