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Deliver popular package of support to help hardest hit, says UKHospitality

kate-nicholls

UKHospitality is urging the chancellor to heed political and public appetites for a popular package of support for hospitality businesses ahead of today’s Budget announcement.

A wide-ranging package of financial support would be backed by the majority of Britons, according to new data, and would provide a much-needed boost in Red Wall constituencies, where hospitality venue closures have been the highest in the country.

Data released by analysts CGA shows that the number of licensed venues in the UK fell from 123,200 in December 2015 to 107,775 in January 2021, with 7,659 of those closures occurring in 2020.

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Red Wall constituencies experienced, proportionately, the highest rate of closures, with 17.2% of venues closing since 2015, 9.3% since December 2019.

Nationally, the fall was 12.5% between December 2015 and January 2021 with a 6.6% decrease between December 2019 and January 2021.

Additionally, national polling data shows that a majority of people in the UK (55%) believe that the hospitality sector should receive more financial support from the Government throughout 2021.

UKHospitality chief executive Kate Nicholls said: “A bold and decisive package of support for the hospitality sector is a must at today’s Budget. It would be a rational step to bolster businesses that have struggled nationally, but most acutely in the newly Conservative constituencies of the so called “Red Wall”. It would be a pragmatic step publicly as well as politically, as over half of the UK public agrees that our sector needs more support over the course of 2021.

“The figures give a clear indication of the kind of challenge that hospitality has faced over the past five years. The steady increase in costs has seen too many businesses become unsustainable and the result has been closures across the UK.

“The speed with which closures have increased over the past year is horrifying. Fifty per cent of closures have occurred since the end of 2019. That is nearly 8,000 businesses that have permanently closed their doors. We keep saying that our sector has been hit the hardest by this pandemic, and these figures bear that out.

“The UK public agrees with us. Polling shows that over half of people think we should have more support this year. Unleashing a new package of support would be a popular with the public, who are eager to enjoy our venues after a torrid year, not least among hard-won Red Wall constituencies.”

Tags : Budget 2021Chancellorfinancial supporthospitalityhotelsUKHospitality
Zoe Monk

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