Sunak provides 'cash injection' for businesses with £4.6bn in new lockdown grants

Sunak has announced one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property, following Prime Minister Boris Johnson's announcement last night (4 January) that businesses will close until at least mid-February. As part of the latest package of financial support, the chancellor has made available a £594m discretionary fund to support other impacted businesses. This is in addition to £1.1bn in further discretionary grant funding for local authorities, Local Restriction Support Grants worth up to £3,000 a month and the extension of the furlough...