The campaign calling on the government to #RaiseTheBar
Posted on in Business News , Cycles News , Political News
Tens of thousands of shops, pubs, clubs, restaurants, hotels and leisure businesses on our High Streets, town centres and in our communities are currently unable to access Government grants putting millions of jobs at risk.
#RaiseTheBar are campaigning for the government to increase the threshold from £51,000 to £150,000 and save tens of thousands of businesses from going under by allowing more businesses the opportunity to access the £25,000 grant.
The #RaiseTheBar campaign believes access to the £25,000 is the difference between survival and bankruptcy for businesses on High Streets across England and Wales, which have welcomed an outpouring of support from the public during
lockdown choosing to support their local communities.
The grant will enable businesses to mitigate significant stock losses and cashflow challenges, including rent, that wage subsidies do not address. Many businesses are not in a position to take on further debt or have serious misgivings about being able to survive the recovery and service loans. Other cash pressures include suppliers, service charges and the cost of re-opening to repurchase stock and ongoing running costs.
Matthew Sims, CEO, Croydon BID and co-founder of #RaiseTheBar campaign said, "Access to the RHLG grant is a ticking time bomb for tens of thousands of businesses on our High Streets and in our local communities. There are just eight weeks until rent is due and the prospect of going under is an uncomfortable truth the Government needs to hear and act upon now. The consequences of failing to increase the business rates threshold are too grim to bear."
The #RaiseTheBar campaign launched a Change.org petition on Thursday 23 April and is calling on the public to sign the petition to help save the nation's High Streets. The petition needs to reach 10,000 signatures to be recognised by Government and has just over 1,000 signatures remaining to achieve this goal.
Find out more about the #RaiseTheBar campaign and how you can help by visiting raisethebarcampaign.com.