Chancellor Rishi Sunak has set out a £1bn fund to help businesses hit by the rise in Covid cases, including the leisure and hospitality sector.
What does this mean?
- Restaurants, bars, cinemas and theatres can apply for a grant of up to £6,000 for each of their premises. The Treasury is setting aside £683m for these grants and it will be provided under existing council-run schemes.
- Other struggling businesses outside leisure and hospitality can apply to local councils for a different grant under the Additional Restrictions Grant, which has been topped up with £102m.
- The Statutory Sick Pay Rebate Scheme is being reintroduced, meaning business with fewer than 250 employees can claim money to cover sick pay for employees who are affected by Covid.
- An extra £30m for arts organisations through the existing Culture Recovery Fund.
For further information, please visit the Government website.