News | Legal News

05 January 2021

Rishi Sunak announces new £4.6bn support package for UK businesses

Rishi Sunak has announced a £4.6bn fresh financial support package for struggling UK companies a day after the government imposed its new national lockdown.

Key points

  • Chancellor announces one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring
  • £594 million discretionary fund has also been made available to support other impacted businesses
  • 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 furlough scheme

Read our previous article for further guidance and advice here: https://www.bpcollins.co.uk/knowledge-hub/article/if-you-have-a-struggling-business-dont-bury-your-head-in-the-sand 

For further information or advice please contact our corporate and commercial team on 01753 889995 or email enquiries@bpcollins.co.uk

Simon Deans

Simon Deans

Tel: 01753 279022 | 07841 672809

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