UK businesses in the retail, hospitality and leisure sectors are to be given one-off grants worth up to Â£9,000, with the measure costing Â£4bn, the chancellor, Rishi Sunak, has announced.
The payments are expected to support 600,000 business properties across the UK. A further Â£594m will be made available to councils and devolved nations to support businesses not covered by the new grants.
Sunak said: âThe new strain of the virus presents us all with a huge challenge â and, whilst the vaccine is being rolled out, we have needed to tighten restrictions further.
âThroughout the pandemic weâve taken swift action to protect lives and livelihoods and today weâre announcing a further cash injection to support businesses and jobs until the spring.
âThis will help businesses to get through the months ahead â and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.â
News – Rishi Sunak unveils Â£4.6bn relief package for UK retail and hospitality sectors