Hospitality Industry: Government Assistance
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to support the hospitality, pub and food to go sectors to remain in business.
Answered by Kate Dearden
The Government is committed to supporting pubs and the wider hospitality sector, which is why we have taken decisive action. We recently announced an additional 15% cut for pubs on top of the permanent reduction in the business rates multiplier for eligible retail, hospitality and leisure properties.
We recognise that revaluation has increased bills for some businesses, which is why we are providing £4.3 billion over three years to protect ratepayers from sharp rises. We are also launching a review of how pubs and hotels are valued for business rates.
Alongside this, we have introduced the first National Licensing Policy Framework, expanded temporary event permissions, doubled the Hospitality Support Fund to £10 million, and will bring forward a new High Streets Strategy later this year to help reinvigorate our communities.
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