This follows Prime Minister Boris Johnson’s announcement yesterday (Monday 4 January), putting the country into a third lockdown until mid-February in a bid to control the spread of coronavirus.
The new rules become law in the early hours of tomorrow (Wednesday 6 January) morning, Johnson said in a televised address to the nation.
A further £594m is also being made available for local authorities and the devolved administrations to support businesses not eligible for the grants that could be impacted by the restrictions.
Grant calculations
The Treasury said operators should apply to their local authorities.
As with previous funding, the grants are based on rateable value. For pubs with a rateable value of £15,000 or under, the funding is £4,000.
Those with a rateable value of between £15,000 and £51,000 can claim £6,000 and for those with a rateable value of more than £51,000, a grant of £9,000 can be claimed.
Sunak said: “The new strain of the virus presents us all with a huge challenge and while the vaccine is being rolled out, we have needed to tighten restrictions further.
“Throughout the pandemic, we have taken swift action to protect lives and livelihoods and today we are announcing a further cash injection to support businesses and jobs until the spring."
Devolved administration funding
He added: “This will help businesses to get through the months ahead and crucially, it will help sustain jobs so workers can be ready to return when they are able to reopen.”
The Treasury also stated business support is a devolved policy and is the responsibility of the devolved administrations, which will receive additional funding as a result of the Prime Minister’s announcement in the usual manner.
The Scottish Government will receive £375m, the Welsh Government will receive £227m and the Northern Ireland Executive will receive £127m.
