The Chancellor has today announced further immediate support for Great British Pubs, with cash grants to ease the devastating impact of reduced Christmas trade. Amongst the support being given are the following:
- Businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises, plus more than £100 million discretionary funding will be made available for local authorities to support other businesses.
- Government will also cover the cost of Statutory Sick Pay for Covid-related absences for small and medium-sized employers across the UK.
- £30 million further funding will be made available through the Culture Recovery Fund, enabling more cultural organisations in England to apply for support during the winter.
Chancellor of the Exchequer, Rishi Sunak said:
“We recognise that the spread of the Omicron variant means businesses in the hospitality and leisure sectors are facing huge uncertainty, at a crucial time. So we’re stepping in with £1 billion of support, including a new grant scheme, the reintroduction of the Statutory Sick Pay Rebate Scheme and further funding released through the Culture Recovery Fund.
“Ultimately the best thing we can do to support businesses is to get the virus under control, so I urge everyone to Get Boosted Now.”
Steven Alton BII CEO said:
“It is encouraging to see the Chancellor once again recognising the unique part that pubs play in both the economy and in every community. The support he has announced is hugely welcomed as our members running pubs across the UK are now struggling to pay the bills with reduced levels of trade. They are facing increased costs through inflation and with most of our members having built up over £50,000 of pandemic specific debts, they now have extensive debt repayments to be made.
“Critical to their short term survival is cash flow and this support in the form of cash grants is hugely welcomed. They will however, now need ongoing support particularly with business rates and an extended period of low VAT as their recovery will be significantly extended due to the lost trade from Christmas.”
Press release from BII