Struggling businesses will be able to apply for a new restart grant to help them reopen after lockdown.
Chancellor Rishi Sunak announced the £5 billion funding will be available in April, alongside a new recovery loan scheme which will issue loans between £25,000 and £10 million until the end of the year.
One of the hardest hit industries - the hospitality and tourism sector - will see its 5% reduced rate of VAT extended until the end of September. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
