Hospitality Industry: Government Assistance
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support hospitality businesses that made an economic and social contribution to towns and city centres.
Answered by Gareth Thomas
We recognise the vital role hospitality businesses play in driving economic growth and strengthening community cohesion across the country.
We plan to introduce permanently lower business rates for retail, hospitality, and leisure properties with a rateable value under £500,000, we have reduced alcohol duty on qualifying draught beer products, saving the sector over £85 million annually. We’ve introduced a £1.5 million Hospitality Support Scheme to co-fund projects aligned with Department for Business & Trade and Hospitality Sector Council priorities, such as supporting initiatives like Pub is The Hub to encourage local investment. We have also launched a licensing taskforce to cut red tape and remove barriers to business growth.
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