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East Midlands Chamber News

Financial support for hospitality businesses could save them from potentially ‘devastating’ impact of Covid restrictions, says East Midlands Chamber

Responding to the Chancellor’s announcement of new financial support for hospitality and leisure businesses, East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) chief executive Scott Knowles said: “These measures will provide some welcome respite to many of those businesses that have been hit hardest by the latest Covid-19 measures.

“The Chancellor and his team has engaged with the British Chambers of Commerce in talks over the past week, considered the experiences of business communities including in the East Midlands, and the proposals we put to them.

“We are pleased the Chancellor heard our call for additional grant funding for hospitality and leisure businesses, which will provide some much-needed support in the face of this increasingly difficult trading period.

“The festive season is vital to the survival and prosperity of hospitality and leisure businesses in particular. Having missed out on the opportunity to maximise income last year, a second cancelled Christmas may have been devastating without the necessary financial backing.

“Clarity and speed will be needed to ensure these grants are paid out swiftly to help these hard-pressed firms weather the next few weeks.

“While these measures are a positive starting point, if restrictions persist or are tightened further, then we would need to see a wider support package, equal to the scale of any new measures, put in place.”