Budget 2021: government earmarks £700m for sports and culture as part of recovery plans | attractionsmanagement.com news
GET ATTRACTIONS MANAGEMENT
magazine
Yes! Send me the FREE digital edition of Attractions Management and the FREE weekly Attractions Management ezines and breaking news alerts!
Not right now, thanksclose this window
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Profiles   Magazine   Handbook   Advertise  
NEWS
Budget 2021: government earmarks £700m for sports and culture as part of recovery plans
POSTED 03 Mar 2021 . BY Tom Walker
Measures unveiled by the Chancellor include £90m for museums and cultural bodies and an extra £300m for sports Credit: Shutterstock/Cubankite
Chancellor Rishi Sunak has unveiled an additional £700m funding boost for sports and culture, as part of plans to help the UK economy recover from the effects of the pandemic.

Announcing his Budget today (3 March), setting out the government's tax and spending plans for the year ahead, Sunak said sport will receive £300m worth of extra funding, with the likes of cricket, tennis and horse racing among those to benefit.

There will also be £25m worth of new funding to support grassroots football – which the government says will be enough to build "around 700 new pitches" across the UK. Football fans are also likely to welcome a promise to officially back a joint UK and Ireland bid to host the 2030 FIFA World Cup.

For arts and culture, an extra £300m will be added to the government's £1.57bn Culture Recovery Fund.

Museums and cultural bodies in England will receive £90m to keep going until they can open their doors.

A further £18.8m has been earmarked for community cultural projects, while another £77m allocated for similar initiatives in the devolved nations.

Meanwhile, elsewhere within the leisure sector, the hospitality and tourism industries will continue to benefit from a reduced rate for VAT – at 5 per cent – for the next six months (up until 30 September).

After that, an interim rate of 12.5 per cent will come into force, running until April 2022, when the normal rate of VAT of 20 per cent will return.

Other measures introduced by the Chancellor, designed to support UK businesses, include:

• An extension to the Job Retention Scheme (or furlough) until the end of September 2021.

• Extension of the business rates holiday until the end of June 2020.

• Support for the self-employed (those who have sole trader status) will also be continued until September 2021.

• A new loan service will also be introduced, with businesses of any size being able to apply for loans between £25,000 and £10m until the end of 2020. The government will guarantee these by 80 per cent.

• Incentive payments for firms hiring apprentices will be doubled to £3,000. There will also be a £126m fund to help companies offer trainee shifts to apprentices.

Sunak said that, according to the latest figures from the Office for Budget Responsibility (OBR), the UK economy will return to pre-COVID levels by the middle of 2022 – six months sooner that initial estimates.

"The OBR forecast that our economy will grow this year by 4 per cent, then by 7.3 per cent in 2022, by 1.7 per cent in 2023, 1.6 per cent in 2024 and 1.7 per cent in 2025," he said.
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
400 gyms and leisure centres already lost, further 2,400 at risk without financial support


Hundreds of gyms, swimming pools and leisure centres have been forced to close and thousands more are at risk unless they receive urgent, tailored, financial and regulatory support from the government.
Tanni Grey-Thompson: lockdown hitting women’s health and widening gender gap


The physical and mental health of women in the UK has been put under unprecedented pressure by the pandemic, according to Baroness Tanni Grey-Thompson.
Greater financial support and regulatory measures needed for physical activity sector


The physical activity sector is in need of bespoke and substantial financial support in order for it to survive the COVID-19 pandemic, according to industry body ukactive.
MORE NEWS
Disney to open Avengers Campus at Disneyland California on 4 June
Disney has confirmed that it will open its long-awaited Avengers Campus at the Disneyland California resort in Anaheim on 4 June 2021.
World's top 100 museums and galleries suffer 77 per cent fall in visits during pandemic
The coronavirus pandemic has resulted in visits to the world's top 100 museums and galleries falling by three quarters.
Chinese attractions industry entering 'growth phase'
The Chinese visitor attractions market is set to bounce back from the pandemic with significant growth over the coming years.
BRC founder Bob Rogers: '2021 will see a surge in our industry'
Bob Rogers, the founder of BRC Imagination Arts, has predicted that the visitor attraction industry will see a "surge in interest" during 2021, as the global tourism industry begins its slow journey to recovery.
+ More news   
LATEST JOBS
+ More jobs  

COMPANY PROFILES
Antonio Zamperla Spa

Founded in 1966, the Antonio Zamperla SPA is privately owned by Mr Alberto Zamperla. Located in Vi [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
IAAPA EMEA

IAAPA Expo Europe is owned and produced by IAAPA, The Global Association for the Attractions Industr [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
+ More profiles  
FEATURED SUPPLIER

Triotech and Benoit Cornet’s Bold Move to collaborate on breakthrough innovative media-based attractions
Triotech has announced a breakthrough alliance with Benoit Cornet and Bold Move to bring a new collaborative approach to the design of media-based attractions – with an emphasis on adding value for operators. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
+ More videos  

CATALOGUE GALLERY
 
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

05-07 May 2021

TEA SATE Europe 2020

PortAventura World, Tarragona, Spain
09 Jun 2021

IAAPA Expo Asia 2021

The Venetian Macao, Macao, China
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2021 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2020 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Apr 2020 issue 153


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021
Jobs   News   Products   Magazine
NEWS
Budget 2021: government earmarks £700m for sports and culture as part of recovery plans
POSTED 03 Mar 2021 . BY Tom Walker
Measures unveiled by the Chancellor include £90m for museums and cultural bodies and an extra £300m for sports Credit: Shutterstock/Cubankite
Chancellor Rishi Sunak has unveiled an additional £700m funding boost for sports and culture, as part of plans to help the UK economy recover from the effects of the pandemic.

Announcing his Budget today (3 March), setting out the government's tax and spending plans for the year ahead, Sunak said sport will receive £300m worth of extra funding, with the likes of cricket, tennis and horse racing among those to benefit.

There will also be £25m worth of new funding to support grassroots football – which the government says will be enough to build "around 700 new pitches" across the UK. Football fans are also likely to welcome a promise to officially back a joint UK and Ireland bid to host the 2030 FIFA World Cup.

For arts and culture, an extra £300m will be added to the government's £1.57bn Culture Recovery Fund.

Museums and cultural bodies in England will receive £90m to keep going until they can open their doors.

A further £18.8m has been earmarked for community cultural projects, while another £77m allocated for similar initiatives in the devolved nations.

Meanwhile, elsewhere within the leisure sector, the hospitality and tourism industries will continue to benefit from a reduced rate for VAT – at 5 per cent – for the next six months (up until 30 September).

After that, an interim rate of 12.5 per cent will come into force, running until April 2022, when the normal rate of VAT of 20 per cent will return.

Other measures introduced by the Chancellor, designed to support UK businesses, include:

• An extension to the Job Retention Scheme (or furlough) until the end of September 2021.

• Extension of the business rates holiday until the end of June 2020.

• Support for the self-employed (those who have sole trader status) will also be continued until September 2021.

• A new loan service will also be introduced, with businesses of any size being able to apply for loans between £25,000 and £10m until the end of 2020. The government will guarantee these by 80 per cent.

• Incentive payments for firms hiring apprentices will be doubled to £3,000. There will also be a £126m fund to help companies offer trainee shifts to apprentices.

Sunak said that, according to the latest figures from the Office for Budget Responsibility (OBR), the UK economy will return to pre-COVID levels by the middle of 2022 – six months sooner that initial estimates.

"The OBR forecast that our economy will grow this year by 4 per cent, then by 7.3 per cent in 2022, by 1.7 per cent in 2023, 1.6 per cent in 2024 and 1.7 per cent in 2025," he said.
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
400 gyms and leisure centres already lost, further 2,400 at risk without financial support


Hundreds of gyms, swimming pools and leisure centres have been forced to close and thousands more are at risk unless they receive urgent, tailored, financial and regulatory support from the government.
Tanni Grey-Thompson: lockdown hitting women’s health and widening gender gap


The physical and mental health of women in the UK has been put under unprecedented pressure by the pandemic, according to Baroness Tanni Grey-Thompson.
Greater financial support and regulatory measures needed for physical activity sector


The physical activity sector is in need of bespoke and substantial financial support in order for it to survive the COVID-19 pandemic, according to industry body ukactive.
MORE NEWS
Disney to open Avengers Campus at Disneyland California on 4 June
Disney has confirmed that it will open its long-awaited Avengers Campus at the Disneyland California resort in Anaheim on 4 June 2021.
World's top 100 museums and galleries suffer 77 per cent fall in visits during pandemic
The coronavirus pandemic has resulted in visits to the world's top 100 museums and galleries falling by three quarters.
Chinese attractions industry entering 'growth phase'
The Chinese visitor attractions market is set to bounce back from the pandemic with significant growth over the coming years.
BRC founder Bob Rogers: '2021 will see a surge in our industry'
Bob Rogers, the founder of BRC Imagination Arts, has predicted that the visitor attraction industry will see a "surge in interest" during 2021, as the global tourism industry begins its slow journey to recovery.
REVEALED: IMG to operate 'glass elevator' chimney lift experience at Battersea in 2022
Global entertainments and events firm IMG has signed a contract to operate the Chimney Lift Experience at the Battersea Power Station.
Visits to leading UK attractions fell by 70 per cent in 2020
The UK's major visitor attractions recorded just 45.4 million visits during 2020 – a 70 per cent fall from the 151.3 million visits they received in 2019.
+ More news   
 
COMPANY PROFILES
Antonio Zamperla Spa

Founded in 1966, the Antonio Zamperla SPA is privately owned by Mr Alberto Zamperla. Located in Vi [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
IAAPA EMEA

IAAPA Expo Europe is owned and produced by IAAPA, The Global Association for the Attractions Industr [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
+ More profiles  
FEATURED SUPPLIER

Triotech and Benoit Cornet’s Bold Move to collaborate on breakthrough innovative media-based attractions
Triotech has announced a breakthrough alliance with Benoit Cornet and Bold Move to bring a new collaborative approach to the design of media-based attractions – with an emphasis on adding value for operators. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

05-07 May 2021

TEA SATE Europe 2020

PortAventura World, Tarragona, Spain
09 Jun 2021

IAAPA Expo Asia 2021

The Venetian Macao, Macao, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS