Business Secretary Alok Sharma has announced that, from today (November 13), a further £2.2 billion will be distributed to local authorities to help businesses affected by the latest coronavirus restrictions.
Cash grants of up to £3,000 per month will be available for businesses in England that have been forced to close.
This latest move follows the extension of the self-employed grant scheme to March next year and an extension of the furlough scheme, at 80%, until the spring.
In a speech made yesterday, Mr Sharma said: “All of these measures are designed to preserve jobs and help businesses stay afloat.
“Whilst the economy grew by 15% in the third quarter, it slowed in September and remains 8.2% below where we were in February.
“We in government understand acutely the human impact this statistic represents. It’s jobs, livelihoods, and families affected, so we will continue to support businesses now and as they recover.”
NFRN members are reminded that financial assistance is still available through our Covid-19 Hardship Fund for those who have been deeply impacted and disadvantaged by the pandemic.
If your store has had to close or is struggling to survive due to the coronavirus restrictions, apply for a grant today via our website.
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