Plans by the Chancellor of the Exchequer Rishi Sunak to launch a £5 billion fund for hard-hit shops, cafes and restaurants in his Budget on Wednesday has been welcomed by Bira.
However, CEO Andrew Goodacre has said that it must coincide with other meausres such as the extension of the business rates relief into next year.
Yesterday (Sunday, February 28), it was revealed Sunak plans to offer Covid-hit businesses grants of up to £18,000 each to help recovery.
He said: "We welcome the funding and it is line with our own Budget proposals. However, we still need to see the extension of the rates holiday or the businesses will be no better off."
Bira's Budget wish list includes the extension of business rates relief, extension of the rent moratorium, and extension of the furlough scheme.
Additional Guidance and Resources
Extended business rates relief top of Bira’s Budget wish list
Bira: We need one last push from government to help economy recover
Join the fight for extension to business rates holiday
Bira: Reform business rates to ‘level up playing field’
Abolish business rates until 2022, says Bira
Bira fights for indie retailers in meeting with business minister
Indies want to help take economy forward, Bira tells new Business Minister
Bira concerned Treasury’s funding package will not be enough to sustain retailers
Five-point plan to save indie retail sector gets Bira’s support
Join Bira today