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<p>The Government has announced unprecedented support for business and workers to
protect them against the current economic emergency including almost £300 billion
of guarantees – equivalent to 15% of UK GDP. Museums, galleries and other entities
in the arts and heritage sector, can benefit from a range of support measures including:</p><p>
</p><p>· A 12-month business rates holiday for all eligible retail, leisure and hospitality
businesses in England</p><p>· The retail, hospitality and leisure grant fund (RHLGF)</p><p>·
Small business grant funding (SBGF) of £10,000 for all business in receipt of small
business rate relief or rural rate relief</p><p>· The Coronavirus Job Retention Scheme
(CJRS)</p><p>· The Coronavirus Business Interruption Loan Scheme (CBILS)</p><p>· The
Bounce Back Loan Scheme (BBL) for small and micro enterprises</p><p>· VAT deferral
for up to 12 months</p><p>· The Time To Pay scheme, through which businesses in financial
distress, and with outstanding tax liabilities, can receive support with their tax
affairs</p><p>· Protection for commercial leaseholders against automatic forfeiture
for non-payment until June 30, 2020</p><p>The Business Support website provides further
information about how businesses can access the support that has been made available,
who is eligible, when the schemes open and how to apply - <a href="https://www.businesssupport.gov.uk/coronavirus-business-support"
target="_blank">https://www.businesssupport.gov.uk/coronavirus-business-support</a>.</p><p>
</p><p><strong>S</strong>eparately, the Arts Council England has made £160 million
of emergency funding available, and the National Lottery Heritage Fund £50million,
with grants of between £3000 and £50,000 available through the latter.</p>
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