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Property Bounceback Grant 'would save 375,000 jobs' across physical activity, hospitality and retail sectors
POSTED 12 Aug 2020 . BY Tom Walker
Under the proposals, gyms could apply for the government to pay the remaining 50 per cent of their rent and service charges Credit: Shutterstock.com/Flamingo Images
A government investment of £1.75bn – to pay 50 per cent of rents across the retail, hospitality and leisure sectors for six months – would save 375,000 jobs and offer a return on investment of nearly £7bn.

That is the claim made by five industry bodies – ukactive, UKHospitality, the British Property Federation (BPF), British Retail Consortium (BRC) and Revo – who have joined forces to put pressure on the government to introduce a "Property Bounceback Grant" (PBG).

In an open letter, the trade organisations propose a PBG which would see the government issuing grants that would cover up to 50 per cent of rent and service charges between March and September.

Under the proposals, the grants would be conditional on agreement by the landlord and tenant to account for the remaining 50 per cent of the rent and service charges through the Government’s Code of Practice.

The scheme would only be open for businesses in hospitality, leisure and retail – sectors that the five partners say have been "disproportionately hit" by the crisis.

ukactive has previously warned of the threat to the fitness industry the rent crisis has caused.

Last week DW Sports announced it was restructuring its gym and leisure portfolio and entered into administration, with gyms, stores and jobs threatened.

ukactive said this could be the "tip of the iceberg" for operators in the sector failing – unless the government provides urgent financial and regulatory support.

"COVID-19 has devasted the fitness and leisure sector, with many businesses having zero income but still facing rent costs," said Huw Edwards, CEO of ukactive.

"Pre-COVID-19, these businesses were viable and profitable.

“ukactive has joined forces with other trade associations and representative bodies, to call on the Government to implement the Property Bounceback Grant.

“With Government support, we can keep fitness facilities open at a time when they are needed the most. Keeping facilities open is essential in order to give people from all backgrounds the support and opportunities to become fitter and stronger, which has been shown to improve our resilience to COVID-19.”
RELATED STORIES
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Jobs   News   Products   Magazine
NEWS
Property Bounceback Grant 'would save 375,000 jobs' across physical activity, hospitality and retail sectors
POSTED 12 Aug 2020 . BY Tom Walker
Under the proposals, gyms could apply for the government to pay the remaining 50 per cent of their rent and service charges Credit: Shutterstock.com/Flamingo Images
A government investment of £1.75bn – to pay 50 per cent of rents across the retail, hospitality and leisure sectors for six months – would save 375,000 jobs and offer a return on investment of nearly £7bn.

That is the claim made by five industry bodies – ukactive, UKHospitality, the British Property Federation (BPF), British Retail Consortium (BRC) and Revo – who have joined forces to put pressure on the government to introduce a "Property Bounceback Grant" (PBG).

In an open letter, the trade organisations propose a PBG which would see the government issuing grants that would cover up to 50 per cent of rent and service charges between March and September.

Under the proposals, the grants would be conditional on agreement by the landlord and tenant to account for the remaining 50 per cent of the rent and service charges through the Government’s Code of Practice.

The scheme would only be open for businesses in hospitality, leisure and retail – sectors that the five partners say have been "disproportionately hit" by the crisis.

ukactive has previously warned of the threat to the fitness industry the rent crisis has caused.

Last week DW Sports announced it was restructuring its gym and leisure portfolio and entered into administration, with gyms, stores and jobs threatened.

ukactive said this could be the "tip of the iceberg" for operators in the sector failing – unless the government provides urgent financial and regulatory support.

"COVID-19 has devasted the fitness and leisure sector, with many businesses having zero income but still facing rent costs," said Huw Edwards, CEO of ukactive.

"Pre-COVID-19, these businesses were viable and profitable.

“ukactive has joined forces with other trade associations and representative bodies, to call on the Government to implement the Property Bounceback Grant.

“With Government support, we can keep fitness facilities open at a time when they are needed the most. Keeping facilities open is essential in order to give people from all backgrounds the support and opportunities to become fitter and stronger, which has been shown to improve our resilience to COVID-19.”
RELATED STORIES
A third of leisure trusts 'unviable' in the next six months without a bail-out, says CLUK


A "significant proportion" of leisure facilities in England have not reopened since lockdown measures were eased, according to data from industry body Community Leisure UK (CLUK).
PROVE IT. ukactive challenges government to provide the evidence it uses to justify gym closures during local lockdowns


Industry body, ukactive, has questioned the decision to close gyms and health clubs as part of some localised lockdowns.
Scotland's decision to keep gyms shut until September 'ridiculous' and shows lack of respect for the sector


Gyms, health clubs and swimming pools in Scotland have finally been given an "indicative" time for a possible re-opening – but the 14 September date has angered the sector.
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Activity sector unites to push back over Chancellor’s Winter Economy Plan
Chancellor Rishi Sunak's proposals to support the economy through the next six months of the pandemic "are not enough" to secure the future of the physical activity sector.
Good news – gyms and group exercise classes not affected by new 'Rule of Six'
The government's 'rule of six' has come into force in leisure settings today (24 September), with indoor sports heavily affected by the changes.
Bear Grylls leads activities on another successful National Fitness Day
The UK's physical activity sector has come together to get millions of people active during National Fitness Day 2020.
Exercise and depression – promising research published
A study by Rutgers University has suggested that it could be possible to predict which young adults with major depression would benefit most from exercise.
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Speedflex develops new personalised HIIT programme to support the overweight getting into fitness
As the government announced its new obesity strategy to limit the impact of a potential second wave of COVID-19, HIIT specialists, Speedflex are also doing their bit to help tackle the issue. [more...]
COMPANY PROFILES
Myzone Group Ltd

For Health Club Operators, we provide a member engagement system that enhances the fitness experie [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

FreeMotion Fitness - Freemotion FUSION Team Training
The High-Intensity Cardio-Strength Training. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

30 Sep 2020

European Health & Fitness Forum (EHFF)

Exhibition Centre Cologne, Cologne, Germany
01-02 Oct 2020

CCR London

ExCeL London, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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