Small businesses that contribute significantly to tourism in their area will now have access to a new £10m fund, as the government announces a new kickstart tourism package to help support those businesses adapt to the ‘new normal.
Grants of up to £5,000 will be available to help businesses tailor operations to new social distancing rules and introduce new hygiene standards, or to make changes to the business following the pandemic.
The funding will be able to be used to pay for specialist professional advice, adopt new technology and online systems or purchase new safety equipment.
Funding will be allocated to each Local Growth Hub based on how much of their employment base is linked to tourism and hospitality businesses.
100% of the money will come from government with no obligation for businesses to contribute financially.
This is the latest package of support for economic recovery following the Prime Minister’s announcement of the “New Deal” earlier this week, which will bring forward £5 billion of capital investment projects, supporting jobs and economic recovery.
Minister for Regional Growth and Local Government Simon Clarke MP said: “When the Prime Minister announced the New Deal, he made it clear that the government is determined to change the country for the better, uniting and levelling up our regions.
“Kick-starting domestic tourism will be key to our economic recovery and that is why I am delighted to announce £10 million in new funding for small businesses in tourist destinations, bringing jobs, investment, and financial support to the communities who need it the most.”