Scottish businesses in the retail, hospitality and leisure sectors are among those to be given a one-off grant worth up to £9,000, with the measure costing £4 billion across the UK, Chancellor Rishi Sunak has announced.
Around 600,000 retail, hospitality and leisure sites will be able to claim a one-off grant of up to £9,000, the Government has announced.
The payments will cost the Treasury £4.6 billion and are aimed to help support the high street as new lockdown measures announced on Monday take hold.
READ MORE: Chancellor Rishi Sunak unveils £4.6bn aid package to help UK businesses get through latest lockdown
Chancellor Rishi Sunak also announced a further £594 million for local authorities and devolved administrations to support businesses not eligible for the grants.
The Scottish Government will receive £375 million, the Welsh Government £227 million and the Northern Ireland Executive £127 million.
Mr Sunak said: "The new strain of the virus presents us all with a huge challenge - and whilst the vaccine is being rolled out, we have needed to tighten restrictions further.
"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."
The payments will be based on the size of each store, pub, cafe or hotel tied into the business rates typically paid by each business. The smallest sites will be able to claim up to £4,000 and medium-sized ones £6,000.
However, the Chancellor stopped short of extending the business rates holiday, which ends in April, despite calls from retail and hospitality leaders for such a move.
Other noticeable absences being called for by business groups and unions include a VAT cut and improvements to sick pay or support for working parents.
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