The aviation and aerospace sectors are being supported with over £11 billion made available through loan guarantees, support for exporters, the Bank of England\u2019s Covid Corporate Financing Facility and grants for research and development.<\/p>
<\/p>
In England, the wider travel and tourism sectors 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 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.<\/p>
<\/p>
The Government continues to review all the economic support schemes, including grant support, as the public health response evolves.<\/p>
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