Firms may be offered grants to pay for energy

Chancellor Nadhim Zahawi is considering grants for small businesses to help them get through the energy crisis, similar to previous Covid financial support.

by | 4 Sep, 2022

Treasury officials are drawing up a package of proposals to bail out businesses this winter – including discretionary energy grants – otherwise thousands of small businesses could go bust because of uncapped electricity prices.

One option could be to repurpose Covid schemes to help businesses survive sky-high energy bills. The attraction of repurposing Covid support is that its funding mechanisms – administered by local government – were shown to work at scale.

Read more at smallbusiness.co.uk

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