Banner photo for the news story 'COVID Update 53 (released 22/10/20)'

The Chancellor's Statement and What it means for Hinckley Businesses

The recent COVID-19 Business Bulletin covers the Plan for Jobs: Financial support for businesses and workers from Chancellor of the Exchequer Rishi Sunak.

Chancellor increases financial support for businesses

On 22nd October 2020 the Chancellor announced increased support for businesses:

  • open businesses which are experiencing considerable difficulty will be given extra help to keep staff on as government significantly increases contribution to wage costs under the Job Support Scheme, and business contributions drop to 5%
  • business grants are expanded to cover businesses in particularly affected sectors in high-alert level areas, helping them stay afloat and protecting jobs
  • grants for the self-employed doubled to 40% of previous earnings

Business Support
As well as the above, the full details of the support available to businesses including the Job Support Scheme and Local Restrictions Support Grant, can be found using the Business support finder tool.


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Despite the best attempts by Covid to try to disrupt our lives, Hinckley Town centre is holding its own and footfall is better than in many other places. Please remember that Hinckley BID is here to help you if we can – just email steve@hinckleybid.co.uk or martina@hinckleybid.co.uk – or call Steve on 0770 939 4841.