£104.3 Million Tourism and Hospitality Lifeline

The Scottish Government has announced that tourism and hospitality businesses are to receive a lifeline support package worth £104.3 million in the New Year.

This is part of the £185 million support package for Scottish businesses announced on 9 December 2020 and is also part of the short term response to the Scottish Tourism Recovery Taskforce recommendations.  The announcement follows discussions with industry to target support specifically where it is needed the most.

The Government has also stated that further work will be urgently undertaken to establish what additional support is needed as a result of the decision to move mainland Scotland to level 4 and the Scottish islands to level 3 from Boxing Day.

Note that eligible tourism and hospitality businesses, required to close by law, are currently able to claim up to £3,000 every four weeks through the Strategic Framework Business Fund.

The lifeline support package is being targeted as follows: –

• £19.2 million to provide one-off grants for hospitality businesses
• £50.8 million for businesses with a rateable value of more than £51,000 that have not received support from the Pivotal Enterprise Resilience Fund or Hotel Support Programme and some additional support to smaller businesses impacted by restrictions
• £11.8 million for international inbound, coach tourism and domestic tour operators
• £7 million for self-catering
• £5 million for visitor attractions
• £2.5 million for outdoor tourism
• £2.3 million for hostels
• £2 million for ski centres
• £1.5 million for travelling show people ineligible for other support
• £1.2 million for Destination Management Organisations
• £1 million for B&Bs and guest houses excluded from the latest Non Domestic Rates scheme

Details and opening dates for all funding pots will be announced in due course.

https://jsca.co.uk/new-185m-support-package-for-scottish-businesses/

https://jsca.co.uk/scottish-government-strategic-framework-business-fund-temporary-closure-and-business-restrictions-grants-2/

The information in this blog provides only an overview of Scottish Government guidance and legislation in force at the date of publication and no action should be taken without consulting the detailed Scottish Government guidance and legislation or seeking professional advice.  Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this blog can be accepted by the firm.

Photo by Irene Jiang on Unsplash