There is no doubt that the Personal Care Re-Start Grants and additional support outlined in The Chancellor's Budget today have come at a critical moment but sadly they don't go far enough to save all businesses.
BABTAC, British Beauty Council, NHBF and UK Spa Association have been working as part of a COVID Coalition to make a case to Government for the need for targeted support for our sector. This has included formulating a robust and fully costed proposal for an immediate recovery fund for the personal care sector and a cut in VAT to five per cent once reopened in order to counter the effects of working at reduced capacity due to social distancing requirements.
Lesley Blair, CEO and Chair of BABTAC comments:
“We welcome the Chancellor’s acknowledgement of our urgent call to include targeted additional support in the Budget for people working in personal care services. We would also like to take this opportunity to thank MP Caroline Nokes for her ongoing support and contribution to our Coalition. Our objective to highlight our sector’s plight has resulted in personal Care Services being eligible for the highest grant available. The grant alone however simply does not go far enough for many businesses. While this funding together with extended furloughs and eviction protection extensions will be critical in simply ensuring that beauty therapists have the finances to actually open their businesses up again on 12th April, given the damages they have already incurred. However having had no sector specific financial support made available previously, the grant without the VAT cut is simply not sufficient as both were essential to service different issues facing our sector.
The extensive research and evidence our Coalition has provided directly to the government and the Treasury over the past 10 months has clearly demonstrated the critical state of our industry, a sector that contributes over £28 billion annually to the UK economy. The Coalition will continue to work together for the good of the sector to campaign for improvements in recognition and support for our sector now and going forward.”
If you'd like to understand more about what the Chancellor's Budget means for the hair and beauty industry please sign up to join our joint Webinar on Thursday the 04th March at 14h00. Hosted by Sonia Haria from The Telegraph, with Millie Kendall MBE (British Beauty Council), Helena Grzesk (British Beauty Council & UK Spa Association) Lesley Blair (BABTAC) and Victoria Brownlie (NHBF) . Click here to Register
Full details of the Chancellor's Budget can be accessed here