Latest News

Skills for jobs

14 May 2021

The UK Government set out in the Queen’s speech on 11 May, its legislative plans for adult education and training for the next parliamentary session with a proposed Skills and Post-16 Education Bill. Read More...

Over 300,000 homes sold with Help to Buy

14 May 2021

Sam Legg, 19, a farmer from Leicestershire, has become the 300,000th homeowner to use the Help to Buy: Equity Loan Scheme since its launch in 2013 and urges others to join the scheme. Read More...

Commonhold Council launched

14 May 2021

An advisory panel of leasehold and industry groups has been launched to inform the UK Government on the future of commonhold homeownership. Read More...

 

£4.6 billion funding to protect businesses during third lockdown

Tuesday 05 January 2021

The Chancellor, Rishi Sunak, has announced a one-off top-up grant of up to £9,000 per business for those that have been made to close during the latest lockdown.

Businesses in the retail, hospitality and leisure sectors will be closed until at least mid-February following the Prime Minister’s announcement yesterday, 4 January, and the grants are expected to benefit over 600,000 business properties, worth £4 billion in total across all nations of the UK.

FURTHER SUPPORT

The one-off grant comes in addition to existing business support, including grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen.

The UK Government has also provided 100 per cent business rates relief for retail, hospitality and leisure businesses, £1.1 billion existing discretionary funding for Local Authorities, the furlough scheme extended to April and 100 per cent Government-backed loans, extended until March.

A further £594 million is also available for local authorities and the Devolved Administrations to support other businesses not eligible for the grants, that might be affected by the restrictions. Businesses should apply to their local authorities.

 

Quote mark

Throughout the pandemic we’ve taken swift action to protect lives and livelihoods and today we’re announcing a further cash injection to support businesses and jobs until the Spring.

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.

Rishi Sunak, Chancellor