£ 700million in funding from local authorities to help businesses affected by Omicron

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The government has given the councils in funding of £ 700million to help businesses affected by the Omicron variant.

Businesses across England will be able to take advantage of the multi-million pound support program in the coming weeks.

Businesses in the hospitality, leisure and accommodation industries, many of which have experienced a drop in footfall and increased cancellations due to the Omicron variant, will be able to apply for one-time grants of up to 6,000 £ per room depending on the assessed value:

  • Businesses with a taxable value of £ 51,000 or more: £ 6,000
  • Businesses with a taxable value between £ 15,000 and £ 51,000: £ 4,000
  • Businesses with a taxable value of £ 15,000 or less: £ 2,667

On top of that, over £ 100million in discretionary funding is also being made available to local authorities to support other businesses.

Commenting, Business Secretary Kwasi Kwarteng said:

“Throughout the pandemic, we have stood with businesses to make sure they are supported every step of the way.

“The release of the Omicron variant presents new challenges, especially for the hospitality and leisure sectors, so it is fitting that we step up an urgent £ 1billion support program.

“I urge businesses to come forward, engage with their local council and tap into these cash grants, which will help cover costs and protect jobs as we redouble our efforts to strengthen and win. this virus. “

Funding for the grant is part of a £ 1bn government support package, which includes an additional £ 30m for the Culture Recovery Fund and the reintroduction of the statutory sickness benefit reimbursement scheme.

Chancellor of the Exchequer, Rishi Sunak added:

“We know the Omicron variant has hit our hospitality and leisure businesses, which is why, as we have done throughout the pandemic, we have stepped in to help.

“From today, local councils will be able to distribute this £ 1 billion package of support to hundreds of thousands of pubs, restaurants and theaters in need, protecting the millions of people they employ.”

Businesses eligible for grants are those that provide in-person services, where the main service and activity takes place in a fixed-rate premises in the hospitality, leisure and accommodation industries.

This includes businesses whose primary function is to provide a place for the consumption and sale of food and drink, those which provide facilities related to recreation and entertainment, as well as businesses whose primary premises are used for accommodation. vacation.

Other businesses affected by Omicron, such as those providing the hospitality and leisure industries as well as personal care services, may also apply for grants through the Additional Restrictions Grant (ARG).

The government has allocated £ 102million to the ARG fund for local authorities in England, with councils having the discretion to allocate this funding to businesses most in need.

On top of that, the business secretary wrote to local authorities who have more than 5% left over from previous ARG funding rounds, asking them to disburse their remaining funding.

PSE will organize a virtual Learning & Development event on February 3, 2022. Join us for the one-day event by registering here.

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