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UK to Increase Financial support for Companies hit by Coronavirus Restrictions

by Nwani Chisom
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Oyogist.com learnt that the British government has revealed that it would increase its financial support schemes to protect jobs in the difficult months to come.

The Government said it would increase support through the existing Job Support and self-employed schemes, and expanding business grants to help companies in high-alert areas.

In addition, there would be a support cash grants of up to 2,100 pounds (about 2749 U.S. dollars) per month primarily for businesses in the hospitality, accommodation and leisure sector who are likely to be affected by the coronavirus restriction in the country.

“I know that the introduction of further restrictions has left many people worried for themselves, their families and communities. I hope the government’s stepped-up support can be part of the country pulling together in the coming months,” a councillor said.

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