Croydon Business Improvement District (BID)
Started 1 petition
#BounceBackBetter - calling on government to DO MORE to save our high streets NOW
From Wednesday 2 December, England will fall back into a Tiered system, placing irrevocable pressure on hospitality businesses but also those in retail and leisure sectors. UKHospitality has warned that the new Tier 3 system will result in 94% of hospitality businesses becoming unviable by March 2021. In Tier 2 it is 75% and even at Tier 1 25%. We agree that sector specific measures require sector specific support, and this manifesto outlines a range of support packages which will provide a vital lifeline for hospitality, retail and leisure businesses alike. This manifesto follows intense and thorough talks with businesses, Business Improvement Districts [BIDs], Local Authorities, destinations and industry bodies to provide options of support to help the UK economy ‘Bounce Back Better’ We ask Government to provide a one-off ‘Bounce Back’ grant of up to £15,000 for retail, hospitality and leisure businesses in Tier 2 and Tier 3 across England and Wales with a rateable value of up to and including £150,000. This would give 137,000 businesses vital funds delivered in a manner Local Authorities are equipped to distribute at a total maximum cost of £2.05bn We ask Government to remove the burden of National Insurance from employers whose staff are on furlough, saving the average business £2,000 per month until the end of March 2021. We ask Government to extend the 100% business rates holiday into 2021/2022 for businesses in the retail, hospitality and leisure sectors. Every pound saved is a pound to help businesses stay trading and retain staff. We ask government to extend the VAT reduction to 5% for Hospitality from 1 April 2021 up to and including 31st March 2022. The retail, hospitality and leisure sector is vital to the UK economy and must be protected at all costs. The retail industry alone generated £394 billion worth of sales in 2019 with 306,655 units across the UK. The UK leisure sector has reached over £111 billion in sales. The UK hospitality employs over 3.2 million people, that is 11% of UK jobs, making it the third largest sector in the UK, accounting for £130 billion in revenue. The economy needs these businesses to survive - #RaiseTheBar. Collectively with the support of the BID Foundation, British BIDs and ATCM, we ask you to BACK #BounceBackBetter. More details can be found on www.raisethebarcampaign.com Support your retail, hospitality and leisure sectors - the beating heart of our economy. SIGN our petition and make a positive change.