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.
- 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