The BII welcomes the news today that pubs will see additional support from Government via further business rate relief in 2020.
All retail businesses with a rateable value of £51,000 or less, including pubs, restaurants, cafes and music venues will see an increase in their business rate discount from 33% to 50%.
Independent pubs will also see a further £1,000 cut to their rates in addition to the discount.
Mike Clist, BII CEO commented: “We are delighted that the new Government has recognised the importance of supporting high street businesses, and in particular those in hospitality who provide so much help to their local communities.
Our members do more than just sell goods and services – they are a haven for the lonely and provide employment and a fantastic career opportunity for so many local people. They deserve the financial support that this announcement gives, to ensure that they can continue to be the vital hubs of the community that they are.”
ENDS
Notes to editors:
The BII is the leading independent licensee support organisation for individuals working in hospitality, with over 8,000 individual members running premises across the UK – predominantly tenanted, leased, managed and freehold pubs.
The organisation provides free helplines, online business support, and guidance on key industry issues, face-to-face networking opportunities and savings on a range of supply deals for its members. It is the only organisation of its kind to represent the individuals working at the front line of licensed retail
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