Hotel receptionist talking to customers.
News / Press release / Economy

New funding for hospitality and tourism ‘positive news’

Hospitality and tourism businesses have benefitted from funding secured from the Community Ownership Fund. The fund is intended to support community businesses and groups and £12.3m has been allocated in this round.

Those benefitting from the funds include the Vale of Aeron pub in Wales, which has received funds for renovations, and a tourist rail line in Yorkshire that runs between Keighley and Oxenhope and is used by more than 250,000 passengers a year.

Our response

Our Chief Executive Kate Nicholls said: “This £12.3m in funding, with £1.2m earmarked specifically for four pubs, is really positive news. For the pubs in receipt of grants this will no doubt prove a lifeline at a time when trading can be tough and enable them to continue serving their communities.

“In addition to this, the boost to tourism that will come from the new tourist railway line in Yorkshire, which is to receive £1m to rebuild the line between Keighley and Oxenhope, will be a massive boon to hospitality businesses of all kinds in the region.

Local hotels, restaurants, pubs and attractions will be able to look positively to the future and invest in job creation and the local area.

“This kind of targeted government investment is crucial to support hospitality, both directly and indirectly, and we hope the sector can continue to benefit from initiatives like the Community Ownership Fund.”