Businesses required to close in England due to national restrictions starting on November 5th will be eligible for the following:
- For properties with a rateable value of exactly £15k or under, grants to be £1,334 per 28-day qualifying restriction period
- For properties with a rateable value of over £15k and less than-£51k grants to be £2,000 per 28-day qualifying restriction period
- For properties with a rateable value of exactly £51k or over grants to be £3,000 per 28-day qualifying restriction period.
Find out more information on businesses that are mandated to close.
Local Restrictions Support Grant
Businesses who have been forced to close under the national lockdown restrictions can now apply. The assessment process will take a few days to allow the council to carry out any pre-payment checks.
A discretionary grant fund is also being made available for businesses that are not required to close but have been severely impacted by lockdown measures during the coronavirus pandemic. This is known as Additional Restrictions Grant (ARG) and has been given to local authorities to enable them to support businesses more broadly. Fuller details will be publicised soon and the council will be making these funds available from December.
In addition, further money will be given to Local Authorities, to enable them to support businesses more broadly.
Furlough Scheme and mortgage holidays extended
The Furlough scheme will now remain open until March 2021, with employees receiving 80% of their current salary.
To give homeowners peace of mind too, mortgage holidays will also no longer end during the second lockdown.
Find out more about the extended furlough scheme and other economic support available.