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.