More Omicron Grants - 13 January 2022
BEIS have announced that £700 million will be made available to businesses most impacted by the Omicron variant. This will be made available through government grants that will be delivered by local councils. Hospitality, leisure and accommodation businesses will be able to apply for one-off cash grants of up to £6,000, depending on their rateable value:
- businesses with a rateable value of £51,000 or above: £6,000
- businesses with a rateable value between £15,000 and £51,000: £4,000
- businesses with a rateable value of £15,000 or below: £2,667
Businesses are being urged to engage with their council and apply for the funding, which will be administered over the coming weeks. Additionally, more than £100 million worth of discretionary funding is also being made available for local authorities to support other businesses, and local councils will have discretion to allocate this funding to businesses which are most in need.
The full press release is available here