Hair and beauty salons to lose £124m per week under Tier 4 Covid-19 restrictions
Tier 4 Covid-19 restrictions are set to cost beauty and hair businesses across the UK more than £124 million per week in lost income, states the National Hair & Beauty Federation's (NHBF) latest report.
Beauty and hair businesses in England collectively are set to lose £98m per week in lost revenue, while in Scotland it is reported to be £17m per week, Wales £6m per week and Northern Ireland £3m per week, the report found.
This could potentially kill off many profitable beauty and hair businesses and make thousands of people unemployed during the coronavirus pandemic, unless the Government steps in with urgent and targeted financial support.
In England, the South East is the worst affected area with lost revenue per week for the sector at £35m, with the North West a close second at £17m and London in third at £16m, the data found.
In November, the NHBF also released data that revealed that 62% of salon owners couldn’t be sure that their business would survive during the pandemic until the end of the financial year in April 2021, and a further 18% were explicitly sure they would have to close their doors.
NHBF table of cost per region:
“We know from our recent targeted surveys that the majority of beauty and hair professionals are struggling to recoup their losses from lockdowns, implementing social distancing measures and the costs of increased PPE,” said NHBF chief executive Richard Lambert.
“While we appreciate these are all necessary, the sector has not received any additional financial support such as those gifted to the arts, sports sector, leisure or hospitality. Businesses simply cannot continue on this basis and we are continuing our pressure on the Government to recognise this.”
He added: “Financial help to salons and professionals during this difficult time will be the only way to ensure the hair and beauty sector can return to where it was at the beginning of 2020."
Read our guide to what Covid-19 local lockdowns mean in each area of the UK.