Skip to main content
Banner image for Chris Heaton-Harris MP

Chris Heaton-Harris MP

Conservative MP for Daventry

Main navigation

  • Home
  • About Chris
  • News
  • Policy Letters
  • Get in Touch
  • Campaigns
  • Work Experience
  • FAQs
  • Coronavirus: Advice

Coronavirus: New Financial Support

  • Tweet
Wednesday, 6 January, 2021

The Chancellor has announced a further £4.6 billion in economic support to mitigate the effects of coronavirus, following the introduction of new national restrictions in England. This is in addition to existing support schemes – which include grants for closed businesses worth up to £3,000 per month, and the extension of the Coronavirus Job Retention Scheme and Self-Employed Income Support Scheme until April 2021. New measures are detailed below.

 

One-off Grants for Businesses

 

Retail, hospitality and leisure business premises forced to close can claim a one-off grant of up to £9,000. These are per-premises grants, which means businesses may be eligible for multiple grants. The one-off additional grant each business premises will receive depends on their rateable value:

Businesses with a rateable value of £51,000 or above: £9,000

Businesses with a rateable value between £15,000 and £51,000: £6,000

Businesses with a rateable value of £15,000 or below: £4,000

This is in addition to existing monthly grants of up to £3,000, which businesses continue to be eligible for. These grants are worth over £1 billion in total per month.

More details about how to apply for these one-off grants will be published when available.

 

New Local Authority Funding

 

Local Authorities in England will be given an additional £500 million of discretionary funding to support their local businesses. This builds on the £1.1 billion discretionary funding (worth £20 per head) which local authorities in England have already received to support their local economies and help businesses. 

 

New Funding for Devolved Administrations

 

Scotland will receive £375 million, Wales £227 million, and Northern Ireland £127 million to allocate in support for businesses.

  • Westminster News

You may also be interested in

tests

Roadmap Out of Lockdown

Tuesday, 23 February, 2021

Yesterday, the Prime Minister announced the Government’s roadmap out of lockdown, and I am pleased that, following the success of the vaccination programme and the current lockdown in reducing hospital admissions, deaths and COVID-19 infection rates, restrictions can now gradually be relaxed in a

News

  • Funding Opportunities

Show only

  • Articles
  • Local News
  • Media
  • Speeches in Parliament
  • Westminster News

Chris Heaton-Harris MP

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Chris
  • FAQs
Promoted by Amy Howard on behalf of Chris Heaton-Harris, at Bishop Crewe House, North St, Daventry NN11 4GH
Copyright 2021 Chris Heaton-Harris MP . All rights reserved.
Powered by Bluetree