London Property Alliance (WPA + CPA) joined 18 other organisations and businesses in signing a 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, issued by the Heart of London Business Alliance, 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 here.
