Government announces £1billion in support for businesses most impacted by Omicron
21 December – The Chancellor of the Exchequer has announced a range of grant support for businesses most impacted by the effects of Omicron. The schemes announced are:
- Businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises
- More than £100 million discretionary funding will be made available for local authorities to support other businesses
A factsheet on level of funding available per eligible premises, and other eligibility criteria, is availalbe HERE.
As noted above, the funding will be distributed through Local Authorities.
As soon as we are made aware of the application / payment processes for these grants we will communicate these.We also strongly recommend that businesses sign up to receive Islington Council’s Business Bulletin. This can be done HERE.
The Chancellor has also announced:
- Government will cover the cost of Statutory Sick Pay for Covid-related absences for small and medium-sized employers across the UK. A factsheet on the duration, eligibility critera and payment processes for this is available HERE
- £30 million further funding will be made available through the Culture Recovery Fund