£1bn pledge for Omicron-hit businesses

Covid-19 Support

Businesses in England that are being affected by a spike in Covid-19 cases will be eligible for a new £1 billion support package. 

 

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 will be entitled to one-off grants of up to £6,000, while local authorities will get over £100 million to support other businesses at their own discretion.

 

At what is often their busiest period of the year, many pubs and restaurants have experienced reduced footfall and 40-60% of their December trade.

 

Customer confidence has been severely dented as the Omicron variant causes COVID-19 cases to surge ahead of Christmas, according to Hospitality UK.

 

Around 200,000 businesses will be eligible for business grants which will be administered by local authorities in the coming weeks.

 

In addition, more than £100 million discretionary funding will be made available for local authorities to support other businesses. Local authorities will have discretion to allocate this funding to businesses most in need.  

 

The Government is also reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). SSPRS will help employers with fewer than 250 employees by reimbursing them for the cost of Statutory Sick Pay for Covid-related absences, for up to 2 weeks per employee.

 

The Cultural Recovery fund has been topped up with £30 million more funding, to support the cultural sector and organisations such as theatres and museums through to March 2022.

 

For more information please go to https://www.gov.uk/government/news/1-billion-in-support-for-businesses-most-impacted-by-omicron-across-the-uk