Tourism: Finance

(asked on 15th September 2021) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what financial support will be made available to the tourism industry after the end of the Coronavirus Job Retention Scheme.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 27th September 2021

The Government has provided over £35 billion in support to the tourism, leisure and hospitality sectors over the course of the pandemic in the form of grants, loans and tax breaks.

For example, the Government cut VAT for tourism and hospitality activities to 5% last July, with this significantly reduced rate remaining until the end of this month. To help businesses manage the transition back to the standard rate, a 12.5% rate will then apply for a further six months.

We are committed to supporting tourism’s return to pre-pandemic levels ahead of independent forecasts, as set out in the Government's Tourism Recovery Plan published in June. The Government is regularly engaging with stakeholders, including via the Tourism Industry Council, to monitor the pandemic’s impact and to support the sector’s recovery.

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