Businesses in hospitality need help – they need it now! The financial support for businesses is totally inadequate as 99% of England is placed in to Tier 2 and Tier 3. That’s why we’re supporting the #BounceBackBetter campaign, asking for grants of up to £15k to help save our high streets. Croydon BID, together industry partners created ‘Bounce Back Better’ – a manifesto of asks that will help support the retail, hospitality and leisure sector survive, ensuring our towns and cities have the ability to recover from tier restrictions and lockdowns and stave off mass closures and further unemployment.
The tiered system places irrevocable pressure on hospitality businesses but also those in retail and leisure sectors. UKHospitality has already 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 packages which will provide a vital lifeline for hospitality, retail and leisure businesses alike.
The 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’.
Matthew Sims, Founder ‘Bounce Back Better’ campaign and CEO Croydon Business Improvement District says, “The government has provided assurances it will do whatever it takes to support British businesses and help them to bounce back from the coronavirus pandemic. Businesses are approaching a cliff edge and need the government to provide a parachute in sector specific measures to stave off mass closure and job losses. Now, more than ever, we need the Chancellor to stand by his promise to do whatever it takes.”
Read more about the campaign here: Raise The Bar