Starting from next week, Brits could save a few hundreds with the government's new scheme.

Launched by Chancellor Rishi Sunak, the Eat Out To Help Out initiative will run throughout August.

It means Brits can bag 50% off meals and soft drinks on Mondays, Tuesdays and Wednesdays.

These discounts are capped at £10 a head, which will see your bills a lot cheaper at McDonald's, Nando's and KFC and more.

But it's not just fast food giants included in the scheme, plenty of swanky restaurants like The Ivy are included.

So if you really fancy a special treat, August is the month for you.

Brits have a variety of restaurants to choose from
Brits have a variety of restaurants to choose from

Although there is a cap of £10 per person, the discount still applies to all food and soft drinks, including kids' meals.

However, it doesn't apply to alcohol or any service charge.

These discounts are only available to diners who sit in the restaurant to eat.

The scheme doesn't apply to takeaways, deliveries or drive-thru services.

You can put your postcode in to see what restaurants are participating near you
You can put your postcode in to see what restaurants are participating near you

This money-off deal runs every Monday, Tuesday and Wednesday until the end of this month.

It comes after the cash injection is expected to project around 1.8 million jobs.

The scheme is costing the government more than £500 million as part of a wider £30 billion package to help the economy recover.

Previously, the Chancellor slashed VAT from 20% to just 5%.

Chancellor Rishi Sunak's scheme will launch on Monday
Chancellor Rishi Sunak's scheme will launch on Monday

Now it means that eating out has never been cheaper, with an average meal for a family-of-four costing just £40, slashed from £80.

If a meal costs £20, the customer gets £10 off, but if the bill is £30, the diner will still only get £10 off.

According to The Sun, with this Eat Out To Help Out scheme, Brits could save around £250 in a single week.

And fortunately there is no limit as to how many times you can enjoy the discount.

It also applies to coffee as long as you sit inside the restaurant to drink it.

The discounts can also be used on top of other existing offers, such as two-for-one deals or loyalty points.

To find out which restaurants near you are participating, there is a handy tool.

Just enter your postcode on the GOV.UK website and see where your next meal is going to be.