Financial Support for Businesses Affected by Omicron Variant
With the turmoil surrounding the Omicron variant and the effect this is having on hospitality, culture and arts businesses, Rishi Sunak has answered calls to help by unveiling a £1bn support package for businesses hit by the heightened advice and restrictions.
Sunak said of the support: “businesses in the hospitality and leisure sectors are facing huge uncertainty at a crucial time. So we’re stepping in with £1bn of support”.
The help made available includes:
· Grants of up to £6,000 for hospitality and leisure businesses.
· Reintroduction of the Statutory Sick Pay Rebate Scheme for small and mid-sized employers (for absences related to Covid-19).
· Further funding equivalent to £30m available through the Culture Recovery Fund