Coronavirus: Cash will be the lifeline that will make the difference to Scotland’s hospitality industry and we need it now!

Rushi Sunak

The measures announced by the Chancellor (pictured) last night may count for nothing if they don’t get the cash to the hospitality industry within the next 24 hours hours. And while Scotland is expected to benefit from a support package of £1.9bn Nicola Sturgeon is still to announce how they will be dispersing the cash and how quickly it will reach the businesses that need it most.

Emma McClarkin, Chief Executive of the British Beer & Pub Association, said,, “Whilst we welcome the measures outlined, they do not deal with the immediate cash flow and liquidity problems our industry faces.

“The Government literally has 24 hours to put together a pub specific package to prevent irreversible closures and job losses. The pub industry stands ready to work with the Government to create the rescue package that is needed.”

Angela Vickers, CEO of Apex Hotels told DRAM, “There has to be clarity over how much of this is support England specific and how much is devolved to Scottish Government. There has to be comparable support measures throughout the UK.

She continued, “I don’t think the announcement was a gamechanger, we are still in the same position as we were unless more is revealed in the detail.

Meanwhile Scottish Tourism Alliance boss Marc Crothall said, “The headline commitment is substantial and welcome but this is a moment when the headline of policy is irrelevant, all that matters is how lifeline support gets to the front line of this economic crisis.

“Small grants for small businesses are welcome but for most businesses at this level it won’t protect jobs for more than a few days and many businesses do not want the burden of extra debt… supporting payroll as other countries have done is what is needed immediately.

“Whilst the business rates relief for medium and large operators is very welcome, it doesn’t benefit all who operate in the industry and therefore alternative measures of relief such as an automatic deferral of VAT and PAYE due to HMRC and additional measures which will assist businesses in paying staff and avoiding redundancies which we are already seeing across the sector.”

Category: Coronavirus, Editors' Picks, News
Tags: chanellor, coronavirus, support package, £350bn