Tuesday, 21 December 2021

Extra government support for businesses most affected by Omicron

The government has announced £1 billion of new grant support for the hospitality, leisure and cultural sectors to protect jobs and businesses throughout this period:

• The Government are are providing one-off grants of up to £6,000 for eligible businesses in the hospitality and leisure sectors, depending on rateable value:

o Businesses with a rateable value of £51,000 or above: £6,000

o Businesses with a rateable value between £15,000 and £51,000: £4,000

o Businesses with a rateable value of £15,000 or below: £2,666

• The government are also providing over £100 million new discretionary funding to local authorities to support other impacted businesses. This is on top of the approximate £250 million of Additional Restrictions Grant (ARG) yet to be disbursed to businesses.

• Additionally, they are reintroducing the Statutory Sick Pay Rebate Scheme to help businesses cover employees who fall ill. As called for by the Federation of Small Businesses, this will help small and medium-sized businesses cover the cost of coronavirus-related sickness absences. The scheme means employers can apply for a cash rebate from the government which covers the cost of SSP for up to two weeks per employee.