Hospitality Industry: Finance

The Government recognises the vital role of hospitality businesses in our communities and economy, and the pressures they face, that’s why we’re taking targeted action to support them.

In April, we launched a Taskforce to consider ways to create a more balanced premises licensing system that not only safeguards communities but also supports responsible businesses. On 7 October the Government issued a Call for Evidence on Reforming the licensing system - GOV.UK (deadline: midday, 6 November 2025). These reforms are part of the Small Business Strategy, which also tackles late payments, improves access to finance, and cuts red tape. We want planning and licensing systems to work fairly for businesses and residents.

Additionally, we’re creating a fairer business rates system, including permanently lower rates for retail, hospitality and leisure properties under £500,000 rateable value and continue to work closely with the sector, including through the Hospitality Sector Council to boost productivity and resilience by working together to address the challenges facing businesses.