#BUSINESSBOOSTER – Calling on the Government to support retail, hospitality and leisure businesses
21 December 2021 –
angel.london is officially supporting a national campaign being led by Croydon BID calling on the Govt. to provide financial support to retail, hospitality and leisure businesses which are facing a significant loss of trade as a result of the impact of the Omicron variant and the implementation of ‘Plan B’ measures.
The #BUSINESSBOOSTER campaign asks for a range of financial support:
BUSINESS RATES RELIEF: provide businesses in the retail, hospitality and leisure sectors with 100% Business Rate Relief for up to and including 31st March 2022 [no cap]. After which provide businesses in the retail, hospitality and leisure sectors with a 50% Business Rate Relief from 1st April 2022 to 30th June 2022 [no cap].
VAT EXTENSION: extend the current VAT reduction for the hospitality sector of 12.5% through to 31st March 2023.
GRANTS: introduce grants up to £15,000 by rateable value to businesses within the hospitality, retail and leisure sector.
Details of the campaign requests can be seen HERE.
We have co-signed a letter to the Prime Minister and Chancellor with these requests and gave a clear rationale for their introduction. A copy of the letter can be seen HERE.
As soon as we are made aware of any further financial support available to businesses in the Angel we will communicate this to you.