Hospitality Industry: Closures
The question
To ask the Secretary of State for Business and Trade, what assessment the Government has made of the economic impact of hospitality businesses closing.
Answered by Kate Dearden
The Government recognises the vital economic contribution of hospitality businesses to jobs, supply chains and the vitality of high streets and town centres. The Government keeps impacts on high streets under review and is taking action to support hospitality businesses through measures such as business rates reform, licensing changes and wider plans to reinvigorate high streets and support local growth across all regions.
We have also introduced permanently lower rates for retail, hospitality and leisure properties, backed by a £4.3 billion support package including transitional relief to help firms invest and grow, and increased and extended the Hospitality Support Fund to £10 million over the next three years so we can continue to help more pubs, help more people into work and find more innovate ways to improve business productivity and sustainability.
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