The Chancellor, Rishi Sunak has announced a cut in VAT – effective from next Wednesday – from 20% to just 5% for food, accommodation and attractions in a move designed to help the struggling hospitality industry. He also announced a £1000 bonus for employers bringing staff back from furlough if they… read more

IW Capital has recently announced the completion of a £10 million investment round for Transcend Packaging, providing a boost to the company in its goal to reduce consumer and industry reliance on single-use plastic by providing paper-based alternatives. Transcend Packaging – founded in 2017 – is a leader in sustainable packaging which is targeting… read more

Prime Minister Boris Johnson on Tuesday revealed that from the 4th July, pubs in England will be able to reopen alongside a review of the 2 metre social distancing rule. The move is set to be welcomed by the hospitality industry as pubs and restaurants look to return to normality after… read more

The number of people on UK payrolls dropped by 612,000 between March and May, according to early data from the Office for National Statistics and HM Revenue and Customs that is starting to show the depth of the hit to the economy from the pandemic. The UK unemployment rate for… read more

The Coronavirus pandemic has caused disruption to all sectors in the UK, but now as lockdown restrictions are scaled back and businesses look to get back to normal, many will be looking to make the most of potential opportunities. This is especially true of the hospitality industry, where new guidelines… read more

The Treasury announced yesterday that around £21 billion had been loaned to small firms as part of their “Bounce Back” loan scheme. The program was launched after the original bailout scheme – the Coronavirus Business Interruption Loan Scheme (CBILS) came under criticism from SME business owners who were unable to… read more

The Government’s £500 million Future Fund opened for applications officially on 21st May, with innovative and high-growth British businesses able to secure investment to help them through the Coronavirus outbreak.  UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation… read more

COVID-19 has impacted all industries in the UK over the past few months, whether positively – as sectors, such as medtech, experience increased demand and growth – or negatively – such as the hospitality and entertainment sectors. Last Monday, hospitality industry leaders released a 12 point plan as they say… read more