Added on: 24th April, 2020 by O1
BIDs across the country have joined forces to call on the government to #RaiseTheBar on the grant Rateable Value cap.
We are calling on the Government to expand the rateable value threshold for all retail, hospitality and leisure businesses from £51,000 to any business with a rateable value up to and including £150,000 in these sectors, allowing further businesses the opportunity to access the £25,000 grant.
As part of a unified national campaign, #RaiseTheBar, we have written to the Secretary of State for Business, Energy and Industrial Strategy Rt. Hon. Alok Sharma MP.
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. Doing so would bring in over half a million pounds to businesses in Orpington.
Collectively with the support of UK Hospitality, Greater London Authority, Night Time Industries Association, British Beer and Pub Association, BID Foundation, British BIDs, ATCM, Music Venue Trust, Association of Convenience Stores, Cocktail Pub Company, we ask you to JOIN #RaiseTheBar.
Please sign the petition at change.org