Chancellor announces £1 billion fund for businesses

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm.

Mr Sunak said the government would also help certain firms with the cost of sick pay for COVID-related absences.

Additionally, the Chancellor announced an extra £30 million to help support organisations such as theatres, orchestras and museums.

To support other businesses impacted by the Omicron wave – such as those who supply the hospitality and leisure sectors – the government is giving more than a £100 million boost to the Additional Restrictions Grant (ARG) fund for local authorities in England.

If you would like to discuss the upcoming business support, please contact us. You can call us on 0115 928 3228 or email info@coalesco.co.uk.

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