Kitchen design house and distributor trade association CEDA has broadly welcomed Chancellor Rishi Sunak’s Budget announcements from yesterday.
Measures which could benefit the UK catering equipment supply chain include the extension of the furlough and SEISS schemes until the end of September.
CEDA’s director general Adam Mason analysed: “This was always going to be a difficult balance for the Chancellor to strike and whilst the increase in corporation tax from 2023 is far from ideal I welcome the honesty of the announcement.
“The business rates, Restart Grants and VAT benefits for the operator sector are also encouraging – we hope that this will give established and new operators the confidence to invest in the products and services that our industry provides.”
Mason pointed towards the association’s government engagement: “In our discussions with government departments and letters to the Chancellor and treasury officials we had requested a 6 month extension to the Job Support Scheme so for it to continue until October was welcome, albeit with gradual increases in required employer contributions.
“The increase in financial incentives for businesses to take on apprentices is good news and we await further detail on the new ’flexi-job’ apprenticeship programme. But both, I believe, we will see a great rise in interest and uptake for the Commercial Catering Equipment Technician apprenticeship framework developed by CEDA members in 2019.”
He added: “For those that need additional support, the Recovery Loan Scheme could be of benefit – it would have been nice to see a grant scheme for hospitality supply-chain businesses too and we will continue to talk proactively with government departments to try to enhance the support available for our sector.”