Property sector calls for £1.75bn ‘bounceback’ grant to stave off closures

Bath high street 2020

Five industry trade bodies have called on the government to cover 50% of unpaid rents across the retail, hospitality and leisure sectors in a bid to stave off further closures and job losses.

In a joint statement, the BRC, British Property Federation, Revo, UKactive and UKHospitality have all called on the government to introduce a “property bounceback grant” to facilitate negotiations between landlords and tenants.

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