England’s The Heritage Alliance (THA) has produced a summary of the 2021 Budget, outlining key details for heritage, with updates that include the renewal of The Listed Places of Worship Grant Scheme and the Levelling Up Fund prospectus launch.
… £300million Culture Recovery Fund…
…100% relief from business rates….Restart Grants…
THA writes:
- A specific package of £90million for National Museums and cultural bodies and a £300million Culture Recovery Fund. [The heritage split is yet to be confirmed]
- The Job Retention Scheme (furlough) will be extended until the end of September (and the government will introduce an employer contribution towards the cost of unworked hours of 10% in July and 20% after that)
- Further support through the Self Employment Income Support Scheme(depending on turnover, with a fifth grant confirmed from July)
- A further 100% relief from business rates
- The VAT rate for tourism and hospitality will be kept down to 5% until 30 September
- Restart Grants for non-essential retail (up to £6,000 per premises) and for hospitality, accommodation and leisure businesses (up to £18,000)
- An additional £425 million of discretionary business grant funding, on top of the £1.6 billion already allocated
- Recovery Loan Scheme (open to all businesses, will provide lenders with a guarantee of 80% on eligible loans between £25,000 and £10 million)
Read more…. (Download)
For more details of the Budget see GOV.UK
