The chancellor confirmed restart grants to help businesses “reopen and get going again” during today’s Budget.
In addition to the furlough scheme being extended to the end of September (businesses will be asked for a 10% contribution in July, rising to 20% in August and September), non-essential retail businesses will open first, and will receive £6,000.
“Hospitality and leisure” businesses will open later, or under restrictions, so will receive grants of up to £18,000.
Advantage Travel Partnership chief Julia Lo Bue-Said pointed out on Twitter that the travel has not been specified unless it falls under “leisure and hospitality”.
“Not all travel is leisure,” she said.
The government is also providing all English local authorities with an additional £425 million in discretionary business grant funding, bringing the total value to £25 billion.
As the bounceback loan and CBIL schemes come to an end, the government is introducing a new recovery loan scheme to take their place.
Businesses of any size can apply for loans from £25,000 up to £10 million through to the end of the year, with an 80% government guarantee.
Elsewhere, Sunak said the ongoing business rates holiday will continue.
The government will continue with a 100% business rates holiday for the first three months of the financial year through to the end of June.
For the remaining nine months of the year, business rates will be discounted by two-thirds up to a value of £2 million for closed businesses and a lower cap for those that have been able to open.
To support “hospitality and tourism” jobs, the 5% reduced rate of VAT will be extended for six months through to 30 September.
Elsewhere, apprenticeship payments will be doubled to £3,000 for all new hires, of any age.