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.
