Their research finds that 54,638 businesses across England and Wales are currently unable to access the £25,000 retail, hospitality and leisure grant [RHLG], with the ‘discretionary fund’ to Local Authorities falling short by £748m to help businesses in need.
#RaiseTheBar has also calculated that a total of £1.365bn is needed to support all of these 54,638 businesses, with those on the high street facing an eight-week countdown until the due date for quarterly rent on 24 June.
Action is needed now to allow more businesses access to the RHLG grant, by increasing the rateable value threshold and allowing these businesses to access vital financial support. 86 MPs have signed a letter to the Chancellor supporting this, and Rt. Hon. Dominic Raab MP has taken the #RaiseTheBar ask to the Treasury.
Show your support by sharing #RaiseTheBar on your socials and signing the petition here.
Read the full release from #RaiseTheBar here.