Business Booster: Save our high streets, towns and city centres!
Here at Kidderminster BID we’re working alongside 100’s of other business improvement districts to ask for support to ensure the survival of retail, hospitality and leisure businesses across the UK. Since the rise in omicron cases, the impact has led to companies needing crucial financial assistance to survive the ongoing disruptions.
Among the #BusinessBooster campaign, we are calling for action from the Government to provide additional support in
What we re asking for:
100% business rate relief for the first three months of 2022 up to 31st March 2022. [no cap]
The VAT reduction should be extended through to the 31st March 2023 at 12.5% to allow the hospitality, retail and leisure sector to respond and support the re-emergence of the UK economy.
The Government to introduce grants up to £15,000 by rateable value to businesses within the hospitality, retail and leisure sector to enable them to survive in light of a festive trading period in tatters, a bleak outlook for the new year and the impending rent quarter date of 25th December 2021.
These are significant requirements that are needed to be put in place in order to give local businesses far and wide, the fighting opportunity to survive another gruelling period of uncertainty.
If we don’t act now our high streets, towns and city centres could be no more and the impact could be catastrophic so now we need everyone to come together and make sure this booster is implemented for the future recovery of our economy.
Read the full letter of proposal to the Prime Minister by clicking on the button below.