£5BN SCHEME TO SUPPORT PUBS AND SHOPS
Pubs, restaurants, shops and other businesses hit hardest by the pandemic will be boosted by a £5billion grant scheme to help them reopen as the lockdown is eased.
Chancellor Rishi Sunak will detail the “restart grants” worth up to £6,000 per premises to help non-essential retailers reopen and trade safely at his Budget on Wednesday.
Hospitality, hotels, gyms, as well as personal care and leisure firms, will be eligible for up to £18,000 per premises as they are due to open later under the plans for easing lockdown.
The Treasury estimates 230,000 firms will be eligible for the higher band, which will be awarded based on their rateable value, and 450,000 shops will also be able to apply.