Business Rates
We provide essential coverage of business rates policy and reform, and how it impacts operators across the UK foodservice and hospitality sector. From government relief schemes and revaluation updates to lobbying efforts led by UKHospitality and industry coalitions, this captures the key developments influencing site viability and cost pressures. Whether you run a single high-street restaurant or oversee a multi-site pub or catering group, we explain how changes to the business rates system affect your bottom line, and what you need to know to plan ahead.
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Mar- 2021 -26 MarchFeatures
One year since lockdown: a year in the life of UK pubs
One of the greatest cultural tragedies of the past year in the UK has been the closure of pubs due to the pandemic. According to CGA’s Market Recovery Monitor, nearly 12,000 licensed premises have closed in Britain since December 2019; an average of 30 a day. To mark the anniversary…
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25 MarchTrade Associations
Business rates relief cap may ‘jeopardise’ sector recovery, warns UKH
UKHospitality (UKH) has warned that the business rates relief cap could “jeopardise” the hospitality sector’s economic recovery following the pandemic. Analysis from the trade association reveals almost 8,000 business venues, employing an estimated 343,000 people will be paying full rates in July, despite Budget measures to soften the acute rates…
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23 MarchGovernment
UKH calls for gov to look at ‘data not dates’ when lifting restrictions
UKHospitality (UKH) is urging the government to follow “data not dates” and loosen some of the restrictions slightly earlier than the current roadmap. According to the group, the continued success of the vaccination programme should allow for “hotels with self-contained rooms to be able to open alongside other self-contained accommodation…
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17 MarchPubs and Bars
Star Pubs and Bars to charge tenants full rent from 21 June
Star Pubs and Bars, which is part of the Heineken group, has announced its tenants will return to paying rent in full after lockdown restrictions are eased from 21 June 2021. The group revealed it has invested a further £19m in lockdown rent concessions and has extended its 90% rent…
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9 MarchFeatures
Government signals sunny days ahead for the hospitality industry
Over the past two weeks the government has shone a ray of light upon what was building towards a foreboding number of months ahead for the hospitality sector. However, do Boris Johnson’s “roadmap” to recovery and Rishi Sunak’s budget announcement entail a season of Spring sunshine or April showers ahead…
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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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5 MarchCoronavirus
UKH warns business rates cap may endanger mid-sized firms
UKHospitality has warned that the £2m cap the government has imposed on business rates relief “could threaten the survival of jobs and businesses” for many mid-sized firms. The warning comes after the cap was unveiled as part of the chancellor’s budget announcement on Wednesday (3 March). As part of the…
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4 MarchPubs and Bars
Revolution predicts ‘rapid rebound’ amid reopening
Revolution Bars Group is predicting a “rapid rebound” in trade and “significant” pent-up demand once the sector reopens, as it welcomes the “clarity” provided by the government’s recent roadmap announcement. The operator of 66 premium bars, trading under the Revolution and Revolucion de Cuba brands, intends to initially open 20…
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4 MarchTrade Associations
Hospitality industry welcomes budget package
The UK hospitality industry has responded warmly to the confirmation of financial support in the government’s budget for this year. Yesterday (3 March), chancellor Rishi Sunak announced a £65bn support package for the economy as the country prepares to leave lockdown restrictions in April. Under the new budget, hospitality and…
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4 MarchBusiness
Welsh gov extends business rates holiday for another 12 months
The Welsh government has announced that it will extend its business rates holiday for another 12 months. The £380m package will provide retail, leisure and hospitality businesses with “rateable values” up to £500k, as well as charities in Wales with a “straightforward” year-long business rates holiday. This relief package, in…
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