To ask Her Majesty's Government what additional financial support they plan to offer to the travel and tourism industry because of the decline of business in that sector.
Answered on
23 June 2021
In England, the travel and tourism sector can benefit from the £5 billion package of grant support announced at Budget. This includes Restart Grants worth up to £6,000 if classified as non-essential retail or up to £18,000 if classified as a leisure or accommodation business.
This package of support also includes the £425 million top-up to the Additional Restrictions Grant (ARG) which has already provided Local Authorities (LAs) with £1.6 billion. This funding is at the LAs’ discretion and is intended to support businesses which are not eligible for Restart Grants, but which are nonetheless experiencing a severe impact on their business.
The Government continues to review all the economic support schemes, including grant support, as the public health response evolves.
These grants scheme come as part of a wide-ranging package of support which the travel and tourism sector also stand to benefit from. This includes extensions to the furlough scheme; extensions to the COVID-19 loan schemes; a business rates holiday; mortgage holidays; enhanced Time to Pay for taxes; and an extension to the reduced rate of VAT for businesses in the tourism and hospitality sectors.