Hospitality Industry
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the role of the hospitality industry in the upcoming industrial strategy.
Answered by Gareth Thomas
The Industrial Strategy Green Paper identified eight growth-driving sectors: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences and Professional and Business Services. All sectors will benefit from wider policy reform through the Industrial Strategy’s cross-cutting policies alongside the broader Growth Mission. This will help create the pro-business environment for all businesses to invest and employ, and consumers to spend with confidence.
Government launched a licensing taskforce to reduce red tape and barriers that too often hold businesses back and we intend to introduce permanently lower business rates for retail, hospitality and leisure properties with a rateable value less than £500,000.
Additionally, we’ve announced a £1.5 million Hospitality Support Scheme to co-fund projects that align with Department for Business and Trade and Hospitality Sector Council Priorities, this will include helping those furthest from the jobs market into work and improving business productivity.
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