Firstly, there are new grants for those business hit by Tier 2 restrictions, which mean only people from the same household can meet up in leisure, tourism and hospitality settings such as pubs, coffee shops and restaurants. Businesses suffering financially as a result will be able to claim grants of up to £2,100 a month, backdated to August.
Local authorities will administer the grants and set many of the precise rules about who is eligible. How much businesses can claim is linked to the rateable value of their premises. Those with a rateable value of £15,000 or less will qualify for £934 a month; this rises to £1,400 for firms in premises valued at between £15,000 and £51,000; and to the full £2,100 for those in higher-value properties.
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