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Covid: Chancellor announces £1bn fund for businesses - Perthshire Chamber of Commerce

Covid: Chancellor announces £1bn fund for businesses

The chancellor has set out measures to help England's hospitality sector as it struggles with a collapse in bookings sparked by the rise in Covid cases.

Speaking on Tuesday, Rishi Sunak unveiled a £1bn fund including cash grants of up to £6,000 per premises for each eligible firm.

He said the government would also help certain firms with the cost of sick pay for Covid-related absences.

The chancellor also announced an extra £30m to help theatres and museums.

 

The funding consists of:

£683 million for targeted grants for hospitality and leisure businesses in England

£102 million top-up for the Additional Restrictions Grant

£30 million for Culture Recovery Fund

£154 million of Barnett funding covering all three above which could mean up to £80M for Scotland.

 

Read more from the BBC news article by clicking here.

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