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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Jul- 2020 -6 JulyCoronavirus
Hospitality sector calls for business investment package
Industry leaders in hospitality have urged the government to commit to an “ambitious” programme of business support and investment to stimulate the revival of the sector as restrictions begin to ease. In a letter signed by 120 hospitality leaders, the government has been called on to “act decisively” for a…
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Jun- 2020 -26 JuneNews
Marston’s profits plunge as Covid-19 leads to £40m sales hit
Marston’s has said it remains “uncertain” about its short-term financial outlook, after its profits took a £40m hit following lockdown. Its latest update comes ahead of the reopening of its estate on 4 July. The brewer and operator revealed that its underlying profit before tax was £9.4m in the half-year…
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26 JuneAdvice
The road to recovery for the hospitality sector
The global pandemic has had a huge negative effect on the global events industry and all its stakeholders, from venues, suppliers of key services such as catering, as well as countless freelancers in the industry. In the UK, the events industry generated £70bn of direct spend in 2019 alone, according…
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16 JuneBreweries and Distilleries
Brewers need further support and certainty on when and how pubs can open, says SIBA
Some 80% of small breweries believe the government is “not doing enough” to support them amid the Covid-19 pandemic. In a new survey conducted by Society of Independent Brewers (SIBA) revealed 84% of small breweries expect the coronavirus pandemic and subsequent social distancing measures to have a lasting negative impact…
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May- 2020 -28 MayComment
How can hospitality recover from the Covid crisis?
Covid-19 is a crisis unlike any other people have faced in living memory. Aside from the very real human cost, the economic impact has been devastating, with hospitality among the sectors most severely affected by the pandemic. Marble Arch BID is home to more than 100 restaurants, cafés, bars and…
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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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5 MayCoronavirus
MPs support #RaiseTheBar campaign
A new campaign entitled #RaiseTheBar is calling for the government to increase access to funding for struggling hospitality businesses during the ongoing pandemic. According to new research from the campaign, 54,638 businesses, including pubs, restaurants, cafes and bars are currently unable to access the £25,000 Retail, Hospitality and Leisure Grant…
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Apr- 2020 -30 AprilCoronavirus
‘Lack of urgency’ in handing out Covid-19 grants to SMEs, says Colliers
Colliers International said it is concerned about the “lack of urgency” many local authorities are showing in paying out “much needed” grants to businesses, including recipients in the hospitality sector. Colliers said that according to the latest data published by the Government, five weeks after the grants were announced 38%…
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29 AprilComment
The coronavirus crisis: The importance of adapting and reacting
Weathering the storm of the Covid-19 pandemic is a challenge for businesses of all sizes and the situation is continuing to change by the day. The food, hospitality and leisure sectors have been hit hard by the need to close restaurants and there is widespread concern over how these businesses…
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17 AprilCoronavirus
Restaurant, pub and bar sales nosedive 60% in March
Collective like-for-like sales tumbled 57.6% in March amongst the pub, restaurant and bar sector as the nationwide lockdown began, according to the latest Coffer Peach Business Tracker. According to its data, the entire sector was “hit hard”, with a slowdown in sales, which started in February, continuing over the first…
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