LRSG: the post-lockdown financial support available to businesses

The Local Restrictions Support Grant (LRSG) will help small businesses in the new tiered-restriction regime. David Prosser outlines what's available.

Pub employee
Pubs required to restrict alcohol to customers who buy meals can claim compensation
(Image credit: © ZUMA Press Inc / Alamy)

While England’s second national lockdown ended last week, the country’s return to tiered restrictions has left many businesses struggling to trade, particularly in the hospitality sector.

It is crucial that these businesses claim all the support to which they are entitled. In addition to the extension of UK-wide initiatives available to all businesses struggling during the pandemic, including the Job Retention Scheme and the two state-backed loan programmes, the Local Restrictions Support Grant (LRSG) offers additional help for English businesses in Tier-two and Tier-three areas.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.