Submitted by Rupert Tozer on Friday 13th March 2020
Published on Thursday 19th March 2020
Current status: Closed
Closed: Saturday 19th September 2020
Signatures: 692
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Provide immediate financial support to the Tourism Industry.
Immediate tangible financial support is required for many businesses and their staff in the Tourism Industry that are struggling with cash flow now, as a direct result of the virus. There is a swift requirement of cash injections into the industry to keep business's alive and staff employed.
Tourism employs over 3 million people in this country, 10% of the total workforce and over £130 Billion of GDP.
Tourism's impact on the economy is estimated by Deloitte's as having a GVA (Gross value added) multiplier to be 2.8 – meaning that for every £1,000 generated in direct tourism, there is a further £1,800 that is supported elsewhere in the economy through the supply chain and consumer spending. It is imperative that the government directly supports this sector with immediate action.
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