To ask Her Majesty's Government, following the introduction of Plan B COVID-19 restrictions, what plans they have, if any, to provide 100 percent Business Rate Relief to the end of 2022/23 for all music venues.
20 December 2021
Our support for the music industry through the £2 billion Culture Recovery Fund throughout the pandemic has been unwavering.
The Government has provided unprecedented business rates support, worth £16 billion, for the retail, hospitality, and leisure sectors since the start of the pandemic. Eligible retail, hospitality, and leisure properties paid no business rates for 15 months from 1 April 2020, and thanks to the current 66 per cent capped relief which took effect on 1 July 2021, over 90 per cent of eligible businesses will see a 75 per cent reduction in their business rates bill across this entire financial year to April 2022.
In recognition of longer-term challenges facing the high street, eligible retail, hospitality, and leisure businesses will receive a new temporary relief worth almost £1.7 billion in the year 2022-23.