UK businesses in the retail, hospitality and leisure sectors are to be given one-off grants worth up to £9,000, with the measure costing £4bn, the chancellor, Rishi Sunak, has announced.

The payments are expected to support 600,000 business properties across the UK. A further £594m will be made available to councils and devolved nations to support businesses not covered by the new grants.

Sunak said: “The new strain of the virus presents us all with a huge challenge – and, whilst the vaccine is being rolled out, we have needed to tighten restrictions further.

“Throughout the pandemic we’ve taken swift action to protect lives and livelihoods and today we’re announcing a further cash injection to support businesses and jobs until the spring.

“This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.”

Source: https://news.google.com/__i/rss/rd/articles/CBMifmh0dHBzOi8vd3d3LnRoZWd1YXJkaWFuLmNvbS9wb2xpdGljcy8yMDIxL2phbi8wNS9yaXNoaS1zdW5hay11bnZlaWxzLTQ2Ym4tcmVsaWVmLXBhY2thZ2UtZm9yLXVrLXJldGFpbC1hbmQtaG9zcGl0YWxpdHktc2VjdG9yc9IBfmh0dHBzOi8vYW1wLnRoZWd1YXJkaWFuLmNvbS9wb2xpdGljcy8yMDIxL2phbi8wNS9yaXNoaS1zdW5hay11bnZlaWxzLTQ2Ym4tcmVsaWVmLXBhY2thZ2UtZm9yLXVrLXJldGFpbC1hbmQtaG9zcGl0YWxpdHktc2VjdG9ycw?oc=5

News – Rishi Sunak unveils £4.6bn relief package for UK retail and hospitality sectors