£1bn fund to support hospitality

 

You will have seen on the news that the Government has announced a £1bn fund to support Hospitality and Leisure businesses that have been impacted by the Omicron variant. This fund comprises of:

  • £683 million for grants for hospitality and leisure businesses in England comprising one-off grants of up to £6,000 per premises for eligible businesses
  • £102 million top-up for the additional restrictions grant for local authorities to support other businesses
  • £30m for the cultural recovery fund to support theatres and museums
  • £154 million for Scotland and Wales via the Barnett funding
  • There is also a statutory sick pay rebate scheme that will reimburse employers in the UK with fewer than 250 workers for the cost of paying statutory sick pay for Covid-related absences for up to two weeks.

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Additional Information 
 
New Funding Factsheet

Key Points:

  • There is no definition of a ‘Leisure Business’ yet
  • Hospitality is defined as:

Accommodation
Food & beverage services

  • Recipients must be solvent businesses and ratepayers in the hospitality and leisure sector
  • The funding is based on the rateable value of the property

£2,700 grant for a rateable value of between £0-15k ​

£4,000 grant for a rateable value of between £15 – 51k

£6,000 grant for a rateable value of over £51k

 

Statutory Sick Pay Factsheet

Key Points:

  • It is available for SMEs (i.e. employers with fewer than 250 employees)
  • Employers will be eligible for the scheme if:

They are UK-based.
They employed fewer than 250 employees as of 30 November 2021.
They had a PAYE payroll system as of 30 November 2021.
They have already paid their employees’ COVID-related SSP.

  • Employers will be able to claim the costs for up to two weeks of SSP per employee that has to take time off because of COVID-19.
  • This two-week limit will be reset so an employer will be able to claim up to two weeks per employee regardless of whether they have claimed under the previous scheme for that employee.
 

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