New Budget Announcement by Rishi Sunak, Chancellor of the Exchequer
Rishi Sunak, Chancellor of the Exchequer, has made an announcement today in the House of Commons regarding the Budget which is to be set from April 2021. We have highlighted the key points and information below for businesses in Dorking.
A further £5bn ‘restart grant’ for businesses
Non-essential retail businesses, which will reopen from April 12, will receive one-off grants up to £6,000 per premises.
Hospitality and leisure businesses
Hospitality and leisure businesses, including personal care and gyms, getting grants of up to £18,000.
Hospitality and leisure companies will receive more generous sums as they are set to reopen later than retailers and with more restrictions in place. Pubs and restaurants will be allowed to reopen outdoor space from as early as April 12, but along with hotels will be forced to wait until May 17 to serve customers indoors. The hospitality sector is expected to be able to trade freely without restrictions from June 21.
The £5bn of new grants comes on top of £20bn already provided to cash-strapped businesses since the pandemic first hit.
- As reported by Louis Ashworth and Hannah Utterly in The Telegraph’s article “Budget 2021 live: Rishi Sunak puts £407bn price tag on Covid support” (03 March 2021)
We will keep you updated for all further updates on this budget announcement and further access to grants as soon as they become available for businesses in Dorking. Sign-up to our mailing list to be the first to hear this information. Or alternatively, email the BID Manager on email@example.com