New Grant Announced for businesses forced to close in second lockdown

Businesses who are forced to close under the second national lockdown, which comes into force on Thursday, will be entitled to a new tiered grant of up to £3,000 per month

Those forced to closed their doors will receive grants worth up to £3,000 per month under the Local Restrictions Support Grant (LRSG).

Effected businesses will be eligible for the following:

  • For properties with a rateable value of £15,000 or under, grants to be £1,334 per month – or £667 per 2 weeks
  • For properties with a rateable value of between £15,000-£51,000 grants to be £2,000 per month, or £1,000 per 2 weeks
  • For properties with a rateable value of £51,000 or over grants to be £3,000 per month, or £1,500 per 2 weeks

Grant will be distributed by local authorities so you should keep an eye on your local council website to see what information is available – currently this is very little.

Local Business Support and Advice