Scottish companies have allocated £ 107million in support

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Nicola Sturgeon has announced how £ 107million is being allocated to support businesses affected by the spread of the Omicron variant.

The funding, which follows an initial £ 100million bailout, means the Scottish government has now allocated £ 207million of the £ 375million pledged for business support.

Following discussions with stakeholders, this latest package targets some of the hardest hit sectors and payments will start in the new year.

Restrictions have been in place for at least three weeks to allow the immunity of the accelerated booster program to take effect.

Yesterday, the Prime Minister confirmed that existing restrictions on hospitality, events and retail are expected to remain in place until January 17.

Decisions on the allocation of the remaining 168 million pounds will be confirmed after consultation with the sectors concerned on how best to target them.

The latest support package is split into:

  • £ 32million more for hospitality and leisure businesses.
  • £ 10million targeting sectors of the hospitality industry most severely affected by table service needs.
  • Targeted £ 5million support for nightclubs is now due to close.
  • £ 27million for culture, due to the impact of physical distancing and attendance caps.
  • £ 17million for events, due to the impact of physical distancing and attendance caps.
  • £ 16million for Covid-19’s existing public transport support programs to recognize the impact on fare revenue.

The final details of the funding available for each sector are determined in consultation with companies and sector organizations and will be published shortly.

Hotel companies will be contacted by their local authority to access additional funding via the additional funding for December and January.

Sturgeon said: “We recognize that the public health measures necessary to limit the spread of Omicron have had a serious economic impact, especially for sectors like hospitality and culture which would normally experience their busiest commercial times.

“We know this funding will not cover all losses, but it is intended to compensate for cancellations and to ensure that businesses can survive the winter period and be ready to fully trade into the new year.”

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