Economics: further financial support for UK foodservice and retail

Date : 05 January 2021

Following the re-implementation of tough lockdown conditions in England, the Chancellor has announced a further package of financial support for affected retail, hospitality and leisure businesses.

One-off grants will be provided – £4,000 for business properties with a rateable value under £15,000, £6,000 for properties valued at £15-51,000 and £9,000 for others.

Additional funds will be provided to Local Authorities and Devolved Administrations for the provision of grants to other businesses.

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