The government have announced a £1billion fund, under three streams of COVID support today, specifically for the Hospitality sector to help offset the disruption caused by the rise of the Omicron variant in the UK this Christmas. (Full Government release at bottom of page)
Cafes, pubs, clubs, restaurants, hotels and theaters have seen a slew of cancellations and lost trade owing to the increasing concern over COVID at what is traditionally their busiest time of year, and the government has started to try and help plug some of the gaps.
£6,000 cash grants
Firstly a billion pounds in financial grant support which means eligible hospitality companies will be able to claim a cash grant worth up to £6,000
Top-up for theatres and museums
The government also announced a "£30m to top up our successful cultural recovery fund to support institutions like theatres and museums".
Sick pay
A reintroduction of the statutory sick pay rebate scheme so that small and medium sized companies can claim compensation from the government for the cost of sick pay for their employees.
Full details of the schemes can be found here:-
We await further information regarding eligibility and access.
This is a constantly evolving situation and we will keep clients fully updated with any further measures should they be introduced.