Altus Group
Reporting on commercial property insights, business rates analysis, and policy commentary from a consultancy regularly referenced across the UK hospitality and foodservice sector. This section highlights data on rent, valuations, tax appeals, and trading pressures, supporting operators, landlords, and F&B decision-makers in understanding how property-related costs and legislative changes impact venue profitability and long-term planning.
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Mar- 2021 -8 MarchGovernment
Pubs and restaurants to receive £770.2m in grant money
Hotels and guest houses are set to receive £165.9m due to the government’s ‘Restart Grants’ scheme’, according to Atlus Group. The real estate advisor estimates pubs, restaurants, hotels and guest houses will receive £936m overall as part of the government’s ‘Restart Grants’ scheme to mitigate the economic damage caused by…
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Jan- 2021 -11 JanuaryPubs and Bars
37 pubs closed every month in 2020
Around 37 English and Welsh pubs closed every month in 2020, according to analysis of official government data by real estate adviser Altus Group. The research showed that the overall number of pubs in England and Wales, liable for business rates, including those left vacant and being offered to let,…
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Nov- 2020 -23 NovemberCoronavirus
London restaurants and hotels face £3bn rates bill
“Tens of thousands” of businesses across London, including restaurants, bars and hotels, could face a £3bn return to business rates next April without “discerning targeted support”, property advisor Altus Group has warned. It comes as the Treasury wrote off business rates bills for this current financial year in March, in…
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Oct- 2020 -21 OctoberBusiness
UK inflation rises to 0.5% after EOTHO ends
UK inflation for the month of September increased to 0.5% after the end of the Government’s Eat Out to Help Out scheme pushed up prices, according to the latest figures from the ONS. The figure is up from 0.2% in August where prices were driven down by the discount scheme.…
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May- 2020 -6 MayCoronavirus
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to “reduce uncertainty” for firms affected by the ongoing pandemic. Communities Secretary Rt Hon Robert Jenrick MP confirmed that legislation has now been introduced to bring the next revaluation forward by…
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Apr- 2020 -6 AprilCoronavirus
3,650 pubs and restaurants will miss out on funding due to ‘anomaly’, says Altus Group
More than 3,650 small shops, pubs, restaurants will lose out on £15,000 of government grant funding following an “anomaly”, according to the Altus Group. Last week, a payment of £3.4bn was made to councils to ensure that grants of up to £25,000 would reach businesses “as soon as possible” to…
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Feb- 2020 -24 FebruaryGovernment
Hospitality insolvencies at highest level in seven years
Insolvencies in the hospitality sector increased by 10.4% in 2019, the highest amount in seven years, according to analysis by real estate adviser Altus Group under the Freedom of Information Act. The Insolvency Service, an agency of The Department for Business, Energy and Industrial Strategy, paid out a total a…
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Jan- 2020 -6 JanuaryRestaurants
Fewer closures but more job losses in casual dining, research finds
Casual dining closures fell by more than a fifth last year, according to joint research from the Altus Group and the Centre for Retail Research (CRR). Restaurant closures in the sector fell from 1,188 in 2018 to 922 during 2019, whilst total job losses rose by 8%. A total of…
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Dec- 2019 -3 DecemberBusiness
Outstanding business rates challenges increase by 35%
The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a third in just three months, according to new figures issued by HM Revenue & Customs (HMRC). The figures revealed the number of outstanding challenges has increased by 35% fuelling concerns…
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Sep- 2019 -23 SeptemberBusiness
Bailiffs visit 310 premises a day over business rates, study finds
Councils across England are sending bailiffs to 310 companies a day over business rates arrears, new figures show. The investigation by the real estate adviser Altus Group revealed that, during the last financial year, for 2018/19, over 78,000 non-domestic properties from shops to restaurants to pubs to factories to offices…
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