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News & Press: General

UKH urges local authorities to prioritise hospitality in their Future High Streets Fund bids

02 January 2019   (0 Comments)
Posted by: Pernille Thomsen
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Responding to the Government's call for local authorities to take advantage of the £675 million fund - which aims to transform high streets and town centres, UKHospitality has called for the plans to prioritise hospitality businesses.

UKHospitality Chief Executive Kate Nicholls said:

“It is promising to see that the Government has acted on the recommendation to set up a Future High Streets Fund to help our struggling high streets. The Government wants to see our local high streets transformed into modern vibrant community hubs and hospitality is the perfect choice to achieve this.

“UKHospitality is urging local authorities to prioritise hospitality businesses when developing their bids. The hospitality sector is at the heart of our communities, bringing people together, and has helped drive growth in every region of the UK and with the right support can be the solution to ensuring the future of the high street.

“However, our vibrant industry is being hit with exorbitant business rates as well as a number of cost pressures that are threatening our ability to play our part in shaping the future of the high street. Until government creates a system that is fit for purpose and ensures equality with digital businesses, this funding will be a welcome start to support these valuable businesses which can help breathe life back into our high streets. We want to see our high street flourish and would be delighted to provide assistant on the development of these bids should it be sought.”

-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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