London Property Alliance has joined other organisations and businesses in signing a Heart of London Business Alliance (HOLBA) letter to the Culture Secretary calling for an extension of the Theatre Tax Relief Scheme; VAT cuts for arts, cultural and hospitality businesses; a Government-backed insurance scheme for theatre, arts and cultural institutions; and grant funding to help make cultural venues Covid-19 secure.
The letter warned that in a worst-case scenario London’s theatres and art galleries could face a 97% decrease in economic output over the next five years.
The letter received coverage from EG (£) and FT (£).
Read the full letter
