Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to provide a long-term financial support package specific to the hospitality sector.
Over the course of the COVID-19 pandemic the Government has worked closely with the hospitality sector to understand the impact the pandemic has had.
Businesses forced to legally close, including those in the hospitality sector, can currently claim a one-off grant of up to £9,000. This one-off grant comes in addition to the grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen. The Government has also provided £1.6 billion of Discretionary Grant funding for local authorities to target support to the businesses that are most important to their local economy.
This is in addition to the wide ranging package of support already available, including:
The Government keeps all available business support under review and is continuing to collect evidence on the impact of the pandemic on these industries. The Government is committed to working with businesses and representative groups to ensure that support provided is right for this industry and the economy through the long-term.