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News & Press: General

Hospitality the future of the high street

10 October 2018   (0 Comments)
Posted by: Pernille Thomsen
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The hospitality sector can be the future of the UK high street with the correct support from Government, according to UKHospitality.

UKHospitality Chief Executive Kate Nicholls has highlighted the vibrancy and value of the hospitality sector, and underlined its ability to achieve even greater levels of growth and investment with the right support from the Government,  in evidence to the Housing, Communities and Local Government Select enquiry on High Streets and Town Centres.

Kate emphasised the value of hospitality to the UK economy, as a hotbed of entrepreneurship, with many start-ups and young businesses driving growth across the UK. She further warned that hospitality employers were suffering from cost pressures and that, in some cases, 30% had been wiped off margins. A call for a root and branch reform of the business rates system was reiterated as well as UKHospitality’s ambition for a digital business tax to ensure that online businesses pay their fair share - with funds used to ease the burden on hospitality businesses at the heart of communities.

Discussing working with local authorities, Kate said that local councils were key to facilitating partnerships with businesses to provide greater coordination on licensing issues and efforts to improve planning which had not kept pace with change in the sector.

UKHospitality Chief Executive Kate Nicholls said: “This was a great opportunity to put the case for hospitality to Ministers and ensure that they know the challenges and opportunities facing this vibrant sector.

“Hospitality businesses are vibrant and resilient and have helped drive growth in every region of the UK, but there is more that they can provide if they are given the support they need in their communities. Lessening of financial burdens and easing of regulatory issues will help hospitality deliver even more jobs and investment in communities. Conversely, if businesses continue to be squeezed, much of the good work they have already done may be lost.”

ENDS

Notes to editors

  • UKHospitality is the new trade body representing the UK’s hospitality sector, established following a merger approved in February 2018 between the Association of Licensed Multiple Retailers (ALMR) and the British Hospitality Association (BHA)
  • UKHospitality is the authoritative voice for over 700 companies, operating around 65,000 venues in a sector that employs 3.2 million people
  • The body speaks on behalf of a wide range of leisure and ‘out-of-home’ businesses, from FTSE 100 enterprises to niche groups and independent single-site operators
  • For the first time, the sector has a single voice bringing together businesses from all aspects of hospitality; coffee shops, hotels, serviced apartments, pubs, restaurants, leisure parks, nightclubs, contract caterers, entertainment, stadia and visitor attractions
  • Engaging with government, the media and the public, UKHospitality works to develop a robust case on how to unlock the industry’s full potential as the biggest engine for growth in the economy and ensure that the industry’s needs are effectively represented
  • The sector creates £130bn in economic activity and generates £38bn of tax for the Exchequer, funding vital services
  • Hospitality represents 10% of UK employment, 6% of businesses and 5% of GDP
  • Hospitality is the 3rd largest private sector employer in the UK; double the size of financial services and bigger than automotive, pharmaceuticals and aerospace combined
  • Member benefits include free advice and expert guidance on regulation, finance and health and safety as well as savings on services from carefully selected business partners.

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