The Chancellor has announced a new wave of financial support to help hospitality businesses as the number of COVID-19 cases continue to rise across Havering and the rest of the country.
The new support will help hospitality businesses as they are affected by new guidance brought in to stop the spread of the COVID-19 Omicron variant.
These new funds include:
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New grants of up to £6,000 per premises for hospitality and leisure businesses
- Reintroduction of the Statutory Sick Pay Rebate Scheme (SSPRS) for SMEs recording COVID-related absences
- £100m boost to the Additional Restrictions Grant (ARG), which pays for councils' discretionary grant funds
- An additional £30m to the Culture Recovery Fund to support culture.
£6000 hospitality grant
Many pubs and restaurants have seen cancellations and reduced footfall as the Omicron variant continues to spread. Hospitality UK has reported that many businesses have lost 40-60% of their December trade, often their most profitable month.
Around 200,000 businesses across England will be eligible for business grants which will be administered by local authorities and will be available in the coming weeks. Look out for further details in future Business Briefings.
Statutory Sick Pay Rebate Scheme
The SSPRS will help SMEs – 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 today and they will be able to make claims retrospectively from mid-January.
ARG boost
Local Authorities will have the discretion to allocate this funding to businesses most in need. We await confirmation from Government as to the size of this additional ARG top-up.
Look out for further details of which businesses will be eligible for discretionary grants in future Business Briefings.
Culture Recovery Fund
£30 million further funding will be made available through the Culture Recovery Fund to support organisations such as theatres, orchestras and museums through the winter to March 2022.
If you require business support or advice from the Council, you can find lots of information on our support pages. You can also book a call-back appointment with our team if you cannot find what you're looking for (appointments will be limited over the Christmas period).
Visit the link below for more information.
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