Originally written by Anna Jordan on Small Business
Grant support for 2021 lockdown
After announcements from Boris Johnson and Nicola Sturgeon, England and Scotland have gone into lockdown. Wales has been in lockdown since December 20.
To support businesses through this period, chancellor Rishi Sunak has announced £4.6m of grant funding. This includes a one-off top-up grant for leisure, hospitality and retail businesses of up to £9,000.
They’ll be granted to closed businesses as follows:
£4,000 for businesses with a rateable value of £15,000 or under
£6,000 for businesses with a rateable value between £15,000 and £51,000
£9,000 for businesses with a rateable value of over £51,000
A £594m discretionary fund is also being made available to support other businesses affected by the lockdown. As with the other grant funding, you’ll need to apply through your local authority.
More money has been giving to the devolved nations as part of the announcement but there have been no further funding announcements from them at the time of writing.
This new lockdown support is in addition to existing funding, as listed below.
Additional Restrictions Grant (ARG)
Available for businesses that are not covered by other grant schemes or where additional funding is needed.
Bounce Back Loan Scheme (BBLS)
Loans of between £2,000 and £50,000, up to