Businesses in England that are required to shut because of local Covid-19 lockdowns or targeted restrictions will now be able to claim up to £1,500 per property every three weeks. Payments will be triggered by a national decision to close businesses in a high incidence area.
The largest businesses will receive £1,500 every three weeks they are required to close. Smaller businesses that have an annual rent or mortgage bill below £51,000, and pay less business rates will receive £1,000. Each new three-week lockdown period will trigger an additional payment.
The funding is available to provide a further safety net to protect jobs, and will be administered by Local authorities.