The Night Time Industries Association (NTIA) has warned that 75% of the UK’s nightlife businesses are facing a bankruptcy ‘cliff edge’ without rent support from the government.
“Consideration must be given to a more robust code of conduct or adjudication process, which will require some mandatory or legislative elements within it, to ensure that everyone comes to the table to resolve this appalling situation we find ourselves in. We must avoid this cliff edge.”
The organisation has warned of a £2.5 billion rent crisis following the COVID-19 pandemic
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Author: Christian Eede