Business: Fylde

The Government recognises the important role that seasonal businesses play in Fylde, particularly those in the tourism and hospitality sectors.

At the Budget the Government implemented a range of fiscal measures that benefit businesses in Fylde. These included:

• More than doubling the Employment Allowance to £10,500. This means more than half of businesses with NICs liabilities will either gain or see no change this year.
• For businesses in the hospitality sector serving alcohol, cutting alcohol duty on qualifying draught products – approximately 60% of the alcoholic drinks sold in pubs.
• Maintaining the Small Profits Rate and marginal relief at their current rates and thresholds, as well as maintaining the £1 million Annual Investment Allowance; and
• Freezing the small business multiplier for 2025/26 meaning that, taken together with Small Business Rate Relief (SBRR), over a million properties are protected from inflationary bill increases.

Looking forward on business rates, we intend to introduce permanently lower tax rates for retail, hospitality & leisure properties with rateable values under £500,000, from April 2026.