Yesterday the Chancellor announced a new package of financial support for businesses in the tourism and hospitality sector, in response to the increasing number of coronavirus cases that continue to impact this industry.
- Businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises. Eligible businesses include those that are experiencing difficulties because of the Omicron variant, and the dual impact of staff absences and lower consumer demand.
- An Additional Restrictions Grants top up for local authorities in England. This will allow local authorities to use their discretion to provide grants to other businesses, based on local economic need.
- Further funding for the Cultural Recovery Fund via a top up to support theatres, orchestras and museums through the winter to March 2022. Applications can continue to be made for these grants, please visit https://www.gov.uk/government/groups/culture-recovery-board for more information.
- The Government will also cover the cost of Statutory Sick Pay for Covid-related absences by reimbursing employers (with fewer than 250 workers) for the cost of paying statutory sick pay for up to two weeks.
Visit here for further details about this new funding package.
As ever, if you have any questions please do not hesitate to get in touch.
