The Government has announced additional funding to support businesses. Full details of the new support have yet to be set out in detail but will be similar to grants that were distributed through local councils last year.
Whilst exact details are still awaited, the Government has announced the following:
- 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 also made available to support other impacted businesses
- This 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
To find out more information as it becomes available please continue to check the Government website here
During previous lockdowns, local Council worked extremely hard to ensure that business grants were distributed quickly. It is welcome news that on top of the grants that are based on rateable value, there is funding available for discretionary payments via local councils.
If your business is registered in the BCP Council area, further information on the support that is available can be found here
If your business is registered in the Dorset Council area, further information on the support that is available can be found here
For further information and advice about financial support and requirements on businesses can be found here:
Federation of Small Business
Dorset Chamber
CBI
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