Grants announced ahead of Wednesday’s Annual Budget
England’s gambling stores take record of non-essential companies that will submit an application for direct money payouts as high as £6,000 ($7,225) per website, after information on a £5bn that is new$6bn) government grant scheme emerged ahead of Wednesday’s 2021 budget.
The UK’s Betting & Gaming Council (BGC) said it would “warmly welcome” the grants for betting shops. It also called on the government for more business support and repeated its appeal to “extend business rates relief for another year”:
The industry representative’s tweet comes after BGC CEO Michael Dugher delivered a letter to Chief Finance Minister Rishi Sunak on February 26, aiming the BGC’s business that is five-point plan ahead of the government’s Annual Budget speech on March 3.
Action set for April
Betting shops in England join almost 700,000 non-essential retail businesses – including shops, hotels, and restaurants – that are eligible for ‘restart grants’ that local authorities will, from April, disburse directly to them. The funds, intended to support businesses when they resume trading, will supersede the grant that is monthly presently set up.
While businesses in England are eager to resume trading, a BGC spokesman on Sunday said that the government should continue to offer its support, given “the pressure independent shops that are betting under.”
BGC hopes “the forthcoming Budget will likely be a springboard to recovery”
Dugher’s letter, meanwhile, highlighted to Sunak the contribution that is important betting and gaming industry makes to the UK economy. He added that the BGC hopes “the forthcoming Budget will be a springboard to recovery.”
Help Scotland and Wales, don’t increase taxes
Extending business rates relief for another year tops the BGC’s five-point plan to support casinos and betting shops. Dugher said in his letter to chancellor Sunak: “With premises shut for much of the year that is past this will help protect jobs and eliminate an important monetary stress on companies.”
Another major point raised into the page to 11 Downing Street had been assurance that federal government could make financing offered to Scottish that is devolved and administrations. Dugher pointed out how the governments of Scotland and Wales refused to offer business rates relief to gambling entities, which “has sadly had a impact that is disproportionate our smaller separate companies, many family run.”
Dugher additionally warned the chancellor not to ever further enhance fees or duties, saying it could endanger the regulated UK market and accelerate the exponential development of the unlawful market that is online. The CEO added that the government that is UK additionally remove “the damaging 10 pm curfew” placed on gambling enterprises.