£1billion Fund for Businesses

As many of you may be aware, the Chancellor, Rishi Sunak announced yesterday that there will be a £1billion fund to help businesses that have been affected by the rise in Covid cases, including leisure and hospitality.

The main points detailed in the announcement are:

  • Restaurants, bars, cinemas and theatres can apply for a grant of up to £6,000 for each of their premises.
  • Other struggling businesses outside of the leisure and hospitality sector can apply to local councils for a different grant under the Additional Restrictions Grant.
  • The Statutory Sick Pay Rebate Scheme is being reintroduced, meaning that business with less than 250 employees can claim money to cover sick pay for employees who are affected by Covid.

If you have any questions then please do get in touch.