A new Energy Bill Relief Scheme has been announced by the government that will cap energy prices for health and fitness operators, charities and local authorities. The bill announced by UK business secretary, Jacob Rees-Mogg, will cap energy prices for six months from the 1st of October.
This comes as a welcome surprise to the health and fitness industry, who were facing an “existential threat” with the soaring costs of energy. The six months subsidy will offer all eligible businesses, charities and public sector organisations a 50% subsidy on their energy bills.
In addition, ukactive is lobbying for further bespoke support for the sector, which includes a reduction in VAT, business rate relief, and ring-fenced funding for local authorities. The aim is to provide extra support to the sector, which is risking closure of 85% of public sector leisure and sports facilities.
When asked about her support for businesses, Prime Minister Liz Truss said:
“I understand the huge pressure businesses, charities and public sector organisations are facing with their energy bills, which is why we’re taking immediate action to support them over the winter and protect jobs and livelihoods.”
To find out more about how the energy cap could affect your business, see here.