Trade association UKinbound said the fund should be used to support firms that are “wholly reliant” on international visitors until the likely return of this market from spring 2022.
Inbound specialists, including tour operators and destination management companies (DMCs), have seen revenue plunged by at least 90% due to the Covid-19 crisis.
UKinbound said the fund would allow operators and DMCs to apply for a grant based on their 2019 revenue, which would pump around £47 million into the sector and allow these businesses to survive until the international market starts to recover.
