Hospitality Industry: Economic Growth
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to encourage economic growth in the (a) pubs and (b) hospitality sectors.
Answered by Kate Dearden
The Government recognises the vital role that hospitality businesses play in local communities and the economy. That’s why we’re investing £440,000 with Pub is The Hub to help rural pubs diversify, aiming to support rural communities, create new jobs and services.
The Government invited views and evidence to aid development of a modern, proportionate and enabling licensing system. A Call for Evidence ran for four weeks until 6 November. This attracted a significant number of responses and work is now underway to analyse these. These reforms form part of the Small Business Strategy, which is designed to tackle late payments, improve access to finance and reduce unnecessary regulatory burdens.
We are also creating a fairer business rates system, including permanently lower rates for retail, hospitality and leisure properties with a rateable value under £500,000. We continue to work closely with the sector through the Hospitality Sector Council to address challenges.
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