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Ministers announce new grants for businesses affected by local lockdowns

Thursday September 10th, 2020

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks.Funding

scheme provides a safety net to further protect jobs where a business is required to close

comes in addition to billions of pounds of existing loans, grants and tax breaks as well as the Chancellor’s Plan for Jobs

Ministers have today announced new funding to support businesses impacted by Covid 19.

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 told MPs today. 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.

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

Speaking in the House of Commons, Barclay also reiterated the recent commitment to roll-out additional payments for people on low incomes who are required to self-isolate in areas with high levels of Covid-19.

Currently these payments are available in Blackburn with Darwen, Pendle, and Oldham as part of an ongoing trial scheme.

This targeted support is in addition to businesses eligibility for the Government’s existing schemes of support to businesses which remain available to impacted companies. This includes the Coronavirus Job Retention Scheme, which has supported the wages of 9.6 million people so far, government backed loans and business grants worth up to £25,000 per property.

This help will also support local jobs dependent on impacted businesses, complementing the Chancellor’s Plan for Jobs.

Other measures announced to protect, support and create jobs include the Eat Out to Help Out scheme, cutting VAT for tourism and hospitality by 15%, a £2 billion Kickstart Scheme, which has opened for applications, and an £8.8 billion investment in new infrastructure, decarbonisation and maintenance projects.

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