As part of the vital #RaiseTheBar campaign, BIDs across the country have stepped up the pressure on the Chancellor this week to give urgent support to retail, leisure and hospitality firms, to help them survive the COVID-19 crisis.
A letter, signed by more than 60 BIDs, including Swansea BID, and a host of other key stakeholders and groups, has been sent to the Chancellor of the Exchequer Rt. Hon. Rishi Sunak MP and Secretary of State for Business Energy and Industrial Strategy Rt. Hon. Alok Sharma MP, issuing a stark warning that there are just seven weeks to save the nation’s high streets.
100,000 retail, hospitality and leisure businesses across England and Wales have now been closed for more than 50 days in order to support the need for the public to stay at home, protect the NHS and save lives. The letter highlights the concern that these businesses are unsure as to how the Government will support them during this time of extended closure.
The #RaiseTheBar campaign, which was launched on April 21, has received significant cross-party, industry and public support in its drive to expand the business rates threshold for all retail, hospitality and leisure businesses from £51,000 to any business with a rateable value up to and including £150,000, allowing further businesses to access the £25,000 Retail Hospitality and Leisure Grant. Please remember to add your voice to the campaign, by signing the petition here: https://bit.ly/2yJt7T8
We will, of course, keep our Swansea BID area businesses updated on this matter.