Businesses in England that are forced to close due to local lockdowns or targeted restrictions can now receive grants of up to £1,500 every three weeks.
To be eligible for the grant, a business must have been required to close due to local Covid 19 restrictions.
The largest businesses will receive £1,500 every three weeks they are required to close. Smaller businesses will receive £1,000.
For many businesses, this level of support may not be enough to help their cash flow.
Payments are triggered by a government decision to close businesses in a high Covid 19 incidence area.
Each payment will be made for a 3-week lockdown period. Each new 3-week lockdown period triggers an additional payment.
This new support is in addition to existing schemes to support businesses which are affected by Covid 19, such as the Coronavirus Job Retention Scheme (furlough scheme), government backed loans and business grants.
Key points
People on low incomes self-isolating in high risk areas will also receive new payments.
For further help, please check out our Business after COVID-19: Transition Knowledge Hub.