Chancellor announces support to protect businesses affected by coronavirus

Released 17 March 2020

The Chancellor of the Exchequer, Rishi Sunak, has announced a package of measures designed to support business and workers affected by the coronavirus.

The measures include:

giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next 12 months;

increasing grants to small businesses eligible for Small Business Rate Relief from £3,000 to £10,000; and

providing further £25,000 grants to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000.

Further details on the support measures can be found here.

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