The Chancellor has today announced further measures to support businesses and individuals that IS excellent news for us here in London, particularly as we have entered ‘High Tier’ restrictions.
The announcement means that businesses in Tier 2 area who are severely impacted by restrictions, but not legally forced to closed, will be able to apply for a direct cash grant worth up to £2,100 per month. These will be primarily for businesses in the hospitality, leisure and accommodation sectors who are hugely affected by new restrictions.
It has also been announced that there will be a much more generous Job Support Scheme, with business contributing significantly less, and the Government more.
Finally, the third self-employment grant will be doubled from 20% to 40 of self-employed people’s profits.
You can read more about the measures announced today here: