FEA responds to the Budget: the foodservice industry needs a growth strategy
Association asks equipment suppliers for input on its position paper for the government
The Budget addressed many of the key issues that FEA has been lobbying for on behalf of the industry, such as the furlough extension and VAT cuts. However, the Association warns that not enough is being done in terms of a growth strategy for hospitality and, more especially,the supply chain the industry relies on.
Steve Hobbs, chair of FEA, says, “We welcome the support the government is giving – they’ve accepted at least some of the recommendations we and our collaborators, such as UK Hospitality and the Textile Services Association, have been pushing. However, what’s needed is a growth strategy that will do more to rebuild the foodservice industry, and its supply chain, as we embark on the recovery.”
FEA believes the strategy will need to include:-
- Jobs development –investment and incentives to generate new jobs in the hospitality supply chain.
- Incentives to build and develop business – including, for example, tax breaks to encourage specific critical areas such as energy efficiency.
- Investment development – encouraging people and organisations to invest in the hospitality industry.
- Training–more investment is requiredto give enough people the skills both the hospitality industry and the supply chain are crying out for.
FEA is putting together a position paper for the government and is asking foodservice equipment suppliers for their suggestions for the growth strategy. “We are looking for input that is specific to our industry and its business needs,” says Hobbs. “We will use the information to lobby Government directly and via our links with other organisations.”
You might be interested in:
- FEA Industry Insight
- FEA Brexit Hub
- Finding an FEA Accredited Service Provider
- Joining the Foodservice Equipment Association