If Glasgow’s Low Emission Zone survives its imminent judicial review, many hospitality businesses may seriously consider relocating to more financially viable non-city centre sites.
A recent survey by the Scottish Hospitality Group found that more than two thirds of operators in Glasgow have seen footfall drop, with some 63% blaming the introduction of the LEZ and poor public transport.
The success or failure of the October 17 judicial review has in forcing a modification of the policy could prove to be a turning point for city centre businesses – and accountants Wylie & Bisset are advising bar and restaurant owners to ensure they have up-to-date financial information upon which to base their decision making.
Catherine Livingstone, partner and head of food & drink at Wylie & Bisset, suggested that affected businesses should prepare themselves to ‘take the necessary action’ as soon as practicably possible rather than waiting till the year end or until cashflow runs out.
“While, on the plus side, this summer saw the return of tour buses into Glasgow and the welcome return of tourists to city centre hotels and restaurants, the beneficial impact of that is likely insufficient to offset the detrimental impact of LEZ and poor public transport,” said Ms Livingstone.