Independent Night Time Economy Businesses are Being Marginalised says NTIA

The Night Time Industries Association (NTIA) has accused the government of marginalising independent and night-time economy businesses. It said while trade associations battle for support now and in the next Budget, representation is leaning towards the exclusion of certain businesses across the sector, marginalising true independents.

Frustration, the NTIA says is growing as interest rates rise and the pound plummets to all time low, businesses across the country are feeling the pressure, particularly hospitality and night time economy SMEs and independents. (Pubs, Live Music Venues, Nightclubs, Venues and Bars) and adds that it is “clear that representation is leaning towards the exclusion of certain businesses across the sector, marginalizing true independents.”

Michael Kill CEO NTIA says:
“We fear that Independent hospitality and night time economy businesses are being frozen out of future support! As was the case during the pandemic with VAT cuts only aligned to food, soft drink and accommodation.”

“At that time wet lead businesses were marginalized by the Government, and we fear that they will continue to be, whilst the predominance of representation in Government is influenced by wealthy corporations and the trade associations that back them.”

“It’s about time the true night time economy and hospitality sector made up of Independents, predominantly small medium enterprise businesses are heard and considered by the Government.”

“We will only have true parity when the likes of VAT cuts and targeted financial relief are inclusive, and beneficial to all businesses across the sector, not exclusive to certain types of business.”

“Under the current cost constraints a huge proportion of the hospitality and night time economy businesses will be lost in coming weeks and months. Leaving many to become an opportunity for cheap acquisition by corporations with financial scope to expand their empires.”

“The rhetoric suggesting that the rich will get richer is all but true in our sector as we move into darker times, we must fight for fair and inclusive support for all within the Government, in the fight for survival.”