This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Government to launch new local lockdown grants
14 September 2020

Businesses that are required to shut due to local lockdowns could be entitled to claim up to £1,500 in grant funding every three weeks for each premises that is closed.

The new grant funding has been created to support those businesses that are adversely affected by local restrictions, which are being imposed in areas with high incidences of the Coronavirus.

Under the new scheme:

  • If a business occupies premises with a rateable value less than £51,000 or occupies property or part of a property subject to an annual rent or mortgage payment of less than £51,000, it will receive £1,000.
  • If a business occupies premises with a rateable value of exactly £51,000 or above or occupies property or part of a property subject to an annual rent or mortgage payment of exactly £51,000 or above, it will receive £1,500.

Unfortunately, any businesses still closed at a national level, such as nightclubs, will not be eligible for this funding.

The new grants will be delivered by local authorities, who will be responsible for distributing the grants to businesses in circumstances where they are closed due to local interventions. Local authorities are being given the discretion to determine additional eligibility criteria should it be deemed necessary.

These new grants can be used alongside other support, but as with other COVID grants funding from this new initiative will be treated as taxable income.

Further details of this new grant are yet to be published by either the Government or local authorities. We will try and bring you updates on this new scheme as and when they emerge.

Other recent news

Mandatory payrolling of Benefits in Kind delayed by HMRC
25 June 2025

The delay to payrolling Benefits in Kind (BIK) to 2027…
Read more

Kittel VAT: How to control the uncontrollable
25 June 2025

Receiving a Kittel VAT notice is something that many businesses…
Read more

Increased borrowing could mean increased taxes, experts warn
25 June 2025

Public borrowing hit £20.5 billion in April, the highest level…
Read more

How to prepare for an unexpected economic recovery
25 June 2025

The International Monetary Fund (IMF) has upgraded the UK’s 2025…
Read more

Identity crisis – Companies House begins to verify identities
25 June 2025

On 8 April 2025, Companies House introduced identity verification for…
Read more

»

Case Studies