Yesterday the Chancellor announced £1 billion in support for businesses most impacted by Omicron across the UK.
The support available includes:
One-off grants up to £6,000 per premises for retail and hospitality businesses.
£100 million in Additional Restrictions Grants funding to support other businesses.
Statutory Sick Pay Rebate for Covid-related absences for SMEs.
£30 million further funding through the Culture Recovery Fund.
Retail and Hospitality Grants The government is providing one-off grants of up to £6,000 per premises for businesses in the hospitality and leisure sectors. Around 200,000 businesses will be eligible for business grants which will be administered by local authorities and will be available in the coming weeks.
Additional Restrictions Grants To support other businesses impacted by Omicron – such as those who supply the hospitality and leisure sectors – the government is also giving a more than £100 million boost to the Additional Restrictions Grant (ARG) fund for local authorities in England. Cheshire East Council, Cheshire West and Chester Council and Warrington Borough Council are all awaiting guidance from central Government on how the funding is to be administered.
Statutory Sick Pay Rebate The government is also reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). This will help small and medium-sized employers – those 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. Firms will be eligible for the scheme from 21st December and will be able to make claims retrospectively from mid-January.
Further Funding for Culture Recovery Fund £30 million further funding will be made available through the Culture Recovery Fund to support organisations like theatres, orchestras and museums through the winter to March. This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
To discuss further business support and funding that may be available to you please contact one of the team, using one of the methods below.
Call us on 01925 979500 or email email@example.com