The Government has announced that £1 billion will be made available to support small businesses across England which have been most impacted by the winter surge in Coronavirus.
Businesses operating in hospitality and leisure will be eligible for one-off grants of up to £6,000. Local authorities will receive an extra £100 million in discretionary funding to support local businesses. Organisations working in the cultural sector will be able to apply for assistance from a £30 million fund.
Greg has warmly welcomed this support for Yorkshire businesses but has cautioned that more help may be necessary. He said “This is one of the most important trading periods of the year for pubs and restaurants. However, this Christmas, pubs will sell 37 million fewer pints and lose out on nearly £300 million in trade. This is roughly £6,000 for each pub, during this holiday period.”
Across England, around 200,000 businesses will be eligible for the grants which will be administered by local authorities.
Although Sir Greg has warmly welcomed this, he says that with the ongoing Covid uncertainty, the government needs to keep the situation under review.