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FEA calls on Government for financial support

6th Jan 2021 - 07:00
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Abstract
The Foodservice Equipment Agency (FEA) wrote an open letter to the Prime Minister calling for ‘targeted, immediate and continued support’ for the foodservice equipment sector.

The letter, which was signed by FEA chief executive Keith Warren, points out that FEA members are dependent on the operator sector for their business and that any recovery is unlikely to happen until Q3 2021.

The FEA is calling for business rates to be cancelled through Council subsidy, rental costs to be covered by Government grants and VAT deferral to ease business cash flow. The letter also calls for the extension for the furlough scheme to prevent further job losses.

Warren commented: “Announcement of such support will give security to foodservice equipment supply companies, and will ensure business viability and long term sustainability.

“In return for this investment our sector will be able to ensure that it is well positioned to be able to respond to the needs of the operator sector when the recovery inevitably commences, hopefully in Q3/Q4 2021.”

Written by
Edward Waddell