money
Jane Imrie

£5bn boost for UK businesses with government Restart Grants scheme

From today (April 1), businesses in England in the non-essential retail sector will be eligible for one-off grants of up to £6k.

In addition, businesses in the hospitality, accommodation, leisure, personal care and gym sectors will be eligible for one-off grants of up to £18k.

The £5bn of government funding available through the Restart Grants scheme will be delivered by local authorities.

Small Business Minister Paul Scully commented: “Government grants have been critical in relieving cash flow pressures and enabling businesses to plan ahead, and I am urging councils to deliver these vital funds to where they are needed as soon as possible.

“We have made extraordinary efforts to stand by small business owners. Now we need to press on and continue getting money to them in good time to ensure that our communities are ready to build back better following the pandemic.”

Tourism Minister Nigel Huddleston added: “Small businesses are the backbone of our tourism sector and a major part of what makes the UK a world-class destination.

“These vital funds will make a huge difference to businesses in our brilliant hospitality, accommodation and leisure sectors as we build back better from the pandemic.

“I urge councils to work at pace to distribute these grants and look forward to seeing their impact in communities across the country.”

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