hero image

The recovery Budget delivered, where now for our towns and cities?


So the Chancellor this week delivered what was the most trailed Budget in memory, and it was a very mixed response to what has been the crisis of our time. The Chancellor said that he is providing businesses with £100 billion of support to get through the pandemic, and there was lots to help levy payers of all shapes and sizes who need some stability first and foremost as they begin to come out of lockdown.

The expected extensions of the business rates holiday, VAT cuts and furlough certainly provide this and will go some way in protecting jobs and getting our cities and towns back on their feet. However the business community needs stability beyond the next few months, and we would have liked to see these extensions last for a full year. Similarly, the £5 billion in restart grants was a much-needed lifeline and will help businesses reopen - the urgency now is to make sure we get this money to them as fast as possible.

Looking beyond the immediate, the £1 billion Towns Fund Deal funding is very welcome news and will provide an opportunity for us to improve and revive our towns. BIDs have been involved in developing ambitious programmes for their communities and they will be well placed to bring people together, work closely with local partners, and deliver improvements.  Similarly, the new UK infrastructure bank based in Leeds will support £40 billion of investment. We need to attract people back into our centres so they can shop, visit and enjoy them, and these are bold measures that will certainly help.

On top of that cash for hiring apprenticeships doubled to £3,000, planned rises in alcohol and fuel duty were scrapped, and there was no rise in our income tax, National Insurance or VAT. However, corporation tax will rise to 25% and in what was billed as the rabbit out of the hat, the Chancellor announced a ‘super deduction’ regime whereby firms that invest in new equipment to boost jobs and productivity will pay less tax. The measure is designed to encourage fresh business spending – we hope it benefits everybody though and not just the global giants with cash to spend on warehouses and equipment.

Not wanting to sound like a broken record, it’s disappointing we didn’t hear more on reforming business rates. This is long overdue and must be grasped head on. We hope businesses get the measures they need in the autumn.

Full information from the Government can be seen here.

Latest Articles

Budget 2021 - letter to Chancellor

POSTED ON: 05/03/2021

October's Insight from Chris Turner

POSTED ON: 05/03/2021

High street app attracts thousands of visitors to Lanark

POSTED ON: 05/03/2021

September's Insight from Chris Turner

POSTED ON: 05/03/2021

Getting back on track

POSTED ON: 05/03/2021

August's Insight from Chris Turner

POSTED ON: 05/03/2021

The future health of our High Street Businesses

POSTED ON: 05/03/2021

July's Insight from Chris Turner

POSTED ON: 05/03/2021

Freedom day is coming… and BIDs are performing an incredible public service

POSTED ON: 05/03/2021

June's Insight from Chris Turner

POSTED ON: 05/03/2021

BIDlife

POSTED ON: 05/03/2021

Our rapidly evolving workspaces

POSTED ON: 05/03/2021

British BIDs appointed to support Swindon renewal ballot

POSTED ON: 05/03/2021

May's Insight from Chris Turner - 2021

POSTED ON: 05/03/2021

Indoor service please

POSTED ON: 05/03/2021

ACT NOW FOR A STAND-OUT LIGHTING DISPLAY THIS WINTER

POSTED ON: 05/03/2021

Evidence to The Housing, Communities and Local Government Committee on Permitted Development Rights

POSTED ON: 05/03/2021

Amazon clicks and thirsty punters… now for business rates

POSTED ON: 05/03/2021

Welcome people back to your high street with Plantscape’s floral displays

POSTED ON: 05/03/2021

High streets a part of life?

POSTED ON: 05/03/2021

BIDlife - Send us your reopening photos

POSTED ON: 05/03/2021

April's Insight from Chris Turner - 2021

POSTED ON: 05/03/2021

The Big Heart of Merthyr Tydfil BID and Northfield BID achieve Accreditation

POSTED ON: 05/03/2021

Maybe* - 7 ways to reconnect with your BID levy payers and their customers

POSTED ON: 05/03/2021

March’s ballot results – a congratulations from British BIDs

POSTED ON: 05/03/2021

Ballot Buddy helps achieve a new term for Sheffield BID

POSTED ON: 05/03/2021

British BIDs meets with UK's largest national chains

POSTED ON: 05/03/2021

March's Insight from Chris Turner

POSTED ON: 05/03/2021

Retail repositioning continues

POSTED ON: 05/03/2021

Colour and animation for magical lights this Christmas - GALA LIGHTS

POSTED ON: 05/03/2021

£1bn Towns Fund for 45 areas in England announced

POSTED ON: 05/03/2021

February ballot results – a congratulations from the British BIDs team

POSTED ON: 05/03/2021

February's Insight from Chris Turner

POSTED ON: 05/03/2021

Letter on proposed new Permitted Development Rights

POSTED ON: 05/03/2021

Watford BID overcoming the challenges to secure a ‘YES’ vote

POSTED ON: 05/03/2021

BID ballots during lockdown

POSTED ON: 05/03/2021

Business Interruption Policy Checker, Christmas Support Payments and Lockdown Guidance and elections

POSTED ON: 05/03/2021

The headlines are gloomy, but our future evolved local high street looks exciting

POSTED ON: 05/03/2021

As we lose a retail icon, we must embrace the change

POSTED ON: 05/03/2021

January's Insight from Chris Turner

POSTED ON: 05/03/2021

Digital trends in 2021

POSTED ON: 05/03/2021

British BIDs and Industrial BIDs discuss crime prevention

POSTED ON: 05/03/2021

Government names 72 high streets in England to share £831m recovery fund

POSTED ON: 05/03/2021

A look back on 2020 BID ballots

POSTED ON: 05/03/2021

December's insight from Chris Turner

POSTED ON: 05/03/2021

#BIDlife - putting the spotlight on our towns and cities!

POSTED ON: 05/03/2021

How can and should BIDs be more community focused?

POSTED ON: 05/03/2021

Christmas lights provide feel-good factor in challenging times

POSTED ON: 05/03/2021

Welsh guidance about the coronavirus rules that will be in place from 6pm Friday 4 December

POSTED ON: 05/03/2021

Repurposing our places for the future

POSTED ON: 05/03/2021

Arcadia Group – Guidance for BIDs, 1 December 2020

POSTED ON: 05/03/2021

Calling on the Government to do more to support Retail, Hospitality and Leisure

POSTED ON: 05/03/2021

Increase your footfall over the festive period - Blachere Illumination

POSTED ON: 05/03/2021

The shop local and loyal revolution from Scottish fintech Miconex with Town and City Gift Cards and Mi Rewards

POSTED ON: 05/03/2021

November's insight from Chris Turner

POSTED ON: 05/03/2021

LoyalFree: The high street app helping businesses trade through the lockdown

POSTED ON: 05/03/2021

BID community prepares for second lockdown

POSTED ON: 05/03/2021

Job Support Scheme expanded to firms required to close due to Covid Restrictions

POSTED ON: 05/03/2021

Extended Coronavirus Job Retention Scheme - 1st November 2020

POSTED ON: 05/03/2021

British BIDs congratulates confirmed areas to receive new Town Deals Fund

POSTED ON: 05/03/2021

Paul Clement steps down from British BIDs after long-standing service

POSTED ON: 05/03/2021

October's Insight from Chris Turner

POSTED ON: 05/03/2021

British BIDs congratulates Melanie Beck on being awarded MBE for ‘Services to the Community’ during Covid-19

POSTED ON: 05/03/2021

BIDs in the news

POSTED ON: 05/03/2021

British BIDs and Industrial BIDs share best practice

POSTED ON: 05/03/2021

September's Insight from Chris Turner

POSTED ON: 05/03/2021

British BIDs requests extension of 'Eat out To Help Out' Scheme

POSTED ON: 05/03/2021

​Bb requests further BID term extension from MHCLG

POSTED ON: 05/03/2021

Bb to launch new research entitled 'Shaping the Future'

POSTED ON: 05/03/2021

Your Pontypridd Receives Accreditation

POSTED ON: 05/03/2021

August's insight from Chris Turner

POSTED ON: 05/03/2021

Levy reduction letter from BIDs - download the template

POSTED ON: 05/03/2021

Local lockdowns and areas of interventions: how to prepare

POSTED ON: 05/03/2021

British BIDs' response on levy payments

POSTED ON: 05/03/2021

British BIDs supports Business Resilience Survey

POSTED ON: 05/03/2021

Get involved in our response to Government

POSTED ON: 05/03/2021

Preparing for localised lockdown webinar follow up

POSTED ON: 05/03/2021

Look back on lockdown - BIDs (part 2)

POSTED ON: 05/03/2021

July's insight from Chris Turner

POSTED ON: 05/03/2021

Webinar with high street expert Bill Grimsey

POSTED ON: 05/03/2021

Ruth Duston joins British BIDs Advisory Board

POSTED ON: 05/03/2021

Towns Fund – updated guidance

POSTED ON: 05/03/2021

Look back on lockdown - BIDs

POSTED ON: 05/03/2021

June's Insight from Chris Turner

POSTED ON: 05/03/2021

From BBC news, to virtual meetings & training, we reflect on the past 3 months

POSTED ON: 05/03/2021

BBC News Channel - Professor Christopher Turner

POSTED ON: 05/03/2021

Industrial and Business Park BIDs share good practice with virtual networking sessions

POSTED ON: 05/03/2021

New research on BIDs and the 'new normal'

POSTED ON: 05/03/2021

Important announcement: MHCLG BID Loan Fund

POSTED ON: 05/03/2021

Ed Cooke joins British BIDs Advisory Board

POSTED ON: 05/03/2021

THAT WAS THE BB WEEK THAT WAS #9 (W/C 18TH MAY)

POSTED ON: 05/03/2021

THAT WAS THE BB WEEK THAT WAS #8 (W/C 11TH MAY)

POSTED ON: 05/03/2021

3R Toolkit; Driving recovery in your place

POSTED ON: 05/03/2021

THAT WAS THE BB WEEK THAT WAS #7 (W/C 4TH MAY)

POSTED ON: 05/03/2021

BIDs Advisory Board welcome Resilience Fund

POSTED ON: 05/03/2021

THAT WAS THE BB WEEK THAT WAS #6 (W/C 27TH APRIL)

POSTED ON: 05/03/2021

British BIDs announces new research into the recovery of BIDs and urban centres in the ‘new normal’

POSTED ON: 05/03/2021

British BIDs Announces BIDs Resilience Fund

POSTED ON: 05/03/2021

Government lobbying for BID levy relief during COVID-19

POSTED ON: 05/03/2021