Hospitality Industry and Leisure: Debts

(asked on 19th July 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the level of debt in the (a) hospitality, (b) leisure and (c) culture sectors.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 22nd July 2021

The Department regularly meets with representatives from across the Hospitality sector to discuss how it can recover and build back from the pandemic and we regularly review financial and economic impacts data for sectors. We have provided an unprecedented support package of £352 billion, including grants, loans, business rates relief, VAT cuts and the job retention scheme, which hospitality businesses have access to. We have published a new Hospitality Strategy: Reopening, Recovery, Resilience to ensure England’s pubs, bars, restaurants and other hospitality venues can thrive long-term. We are also working on new rules to ringfence COVID-19 commercial rent arrears and guide tenants and landlords to agree repayment plans.

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