Throughout this crisis, the Government has sought to support businesses, jobs and public services up and down the UK. That is why it has spent over £280 billion to make a package of support available for businesses which has included billions in wage support, loans, tax deferrals, Business Rate reliefs and general and sector-specific grants.
Following the implementation of the latest national lockdown in January, the Government announced additional funding for businesses worth £4.6 billion across the UK. This includes a £500m payment to local authorities, to top up their allocation from the Additional Restrictions Grant (ARG), which has already provided local authorities with £1.1 billion.
This funding will ensure that local authorities can provide discretionary grants to businesses, such as self-catered accommodation owners, which are not eligible for the Local Restrictions Support Grants but which are nonetheless experiencing a severe impact on their business due to the national lockdown. These businesses may also be eligible for further aspects of our generous support package outlined above.