The Chancellor has announced £5 billion in Restart Grants for high street shops and hospitality firms – ensuring the hardest-hit businesses have the support they need through the next stage of recovery to reopen and get going again as restrictions ease and people return to their high streets.
Under the scheme, non-essential retail businesses will get up to £6,000 per premise to help them reopen and start trading safely.
Hospitality, accommodation, leisure, personal care and gym businesses in England – which will open later under the roadmap or will be more impacted by restrictions when they do open – will get up to £18,000 per premise.
Welcoming the announcement, Richard said:
"As we begin to move into the next phase of our recovery, and a gradual return to normality, the reopening of our high streets will be key to kick-starting our economic recovery. That is why the Government is delivering further support to the thousands of businesses that have been hit hardest by the pandemic through a new £5 billion grant scheme
"There is now light at the end of the tunnel and this support, combined with our record-breaking vaccine programme, will allow our high-street shops to reopen their doors with optimism."
