New Treasury deal

£700m rescue plan for Scots pubs and restaurants

Cockburn Street Edinburgh pubs

Bar owners will get more help during closure (pic: Terry Murden)

Scottish pubs, hotels and restaurants will benefit from a £700m lifeline announced by the Chancellor to help businesses forced to shut over the winter because of the pandemic.

Mr Sunak unveiled a six-months expansion of his Job Support Scheme as a direct response to the crisis facing the hospitality sector.

Those affected by enforced closure will receive grants to pay the wages of staff who cannot work.

The funding for Scotland represents just over half the £1.3bn allocated to the devolved nations and aims to protect jobs and enable businesses to reopen quickly once restrictions are lifted.

The UK Government will support eligible businesses by paying two-thirds of each employee’s salary (or 67%), up to a maximum of £2,100 a month. The plan is effectively a return to the furlough scheme introduced in April.

It represents a reversal of Rishi Sunak’s insistence that job support could not be continued. but today he said: “Throughout the crisis the driving force of our economic policy has not changed. 

Newsletter

“I have always said that we will do whatever is necessary to protect jobs and livelihoods as the situation evolves.

“The expansion of the Job Support Scheme will provide a safety net for businesses across the UK who are required to temporarily close their doors, giving them the right support at the right time.”

Under the scheme, employers will not be required to contribute towards wages and only asked to cover NICS and pension contributions, a very small proportion of overall employment costs.

One Comment to £700m rescue plan for Scots pubs and restaurants

  1. Mr Sunak has done it again .No help for musicians and entertainment sector.
    He needs to relook at what he has done for bars and restaurants and put something in his package to support this sector.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.