Thursday, 4 March, 2021
Yesterday, (3 March), the Chancellor of the Exchequer, Rt Hon Rishi Sunak MP, delivered his Budget to Parliament.
The Chancellor confirmed extensions to the furlough scheme and support for the self-employed until the end of September, and business grants, loans and VAT cuts – bringing the total fiscal support to over £407 billion.
The Budget confirmed support for businesses through business rates reliefs, VAT reductions for tourism and hospitality, a VAT deferral scheme, a new loan guarantee scheme supporting businesses’ access to loans and overdrafts, Restart Grants and an additional £425 million of discretionary business grant funding for councils to distribute.
For businesses in Surrey Heath all current ARG schemes are now closed and grants are being processed. All businesses that have already received Local Restrictions Support Grants will be paid the final payment for the period to 31 March 2021 on Friday 5 March 2021.
If businesses think they may be entitled to Local Restrictions Grants see our website for details and how to apply. https://www.surreyheath.gov.uk/.../covid-19-business-grants
The Government announced that there will be Re-Start grants available to business during April 2021, we will send out another communication once the qualifying conditions have been announced.