£300m boost to cycling infrastructure announced in Autumn Statement.
UK Sport is set to benefit from a £300m investment which will include much needed development to cycling in Britain.
David Cameron's proposed 'Cycling Revolution' will need more consideration and investment in the future but the initial £300m windfall will provide the initial impetus for businesses and local councils alike to reconsider its stance on cycling.
Steve Short, MD of Compass Holidays stated in light of the mini budget: 'With the increased number of visitors to the South West over the past year and the public's desire to overhaul the cycling infrastructure; we feel, as an active holiday tour operator, we can reap the potential of this added investment'
So what does the Autumn Statement mean for Tourism as a whole'
Well, Mr Osborne did fail to mention a cut in tourism tax ' despite high profile lobbyists campaigning for its reduction. It is speculated that a drop from 20% tax to 5% could be worth up to £20 billion.
Despite a recent call from Visit Britain & Visit England to prevent fears of cuts to Tourism, The Chancellor remained largely positive and recommended against 'deep cuts'.
Lastly, Mr Osborne abolished uniform business rates to encourage developing local areas; ensuring investment and sustaining business growth.
In light of pressure from the BBPA (British Beer & Pub Association) an extension was granted to extend small business rate relief for an additional year. This is in the hope that small businesses will be saved from closure.
- We loved our holiday in the Cotswolds, thank you for all of the arrangements! | H & H Netherlands
- The walks were good and beautifully picked + the bags were perfectly delivered! | H & H Netherlands
- We had a very good time and will come back with friends and recommend you and this kind of holiday - Thanks a lot! | A Christophe
- Although the weather has not been ideal, i.e. we had a lot of rain - we really enjoyed the tour! And it was no problem biking with the dog on the tour - he enjoyed it too! | C Ramrath
- I have a lot of thanks for the perfect organisation and we'll happily recommend your holiday agency! | D Stephan
Activity Holidays and Short Breaks in the UK, Europe and worldwide destinations.
Compass Holidays specialise in walking and cycling short breaks and holidays around the UK and Europe. Based in the Cotswolds and founded over 20 years ago, our vast expertise means we know how to plan holidays to highlight the very best the countryside has to offer. Compass also has a series of bike & boat tours around some of Europe's most breathtaking coastline.
Featured Holiday: Naples and Amalfi's Coast - Italy Walking
This is a self guided walking tour in Naples and along the Amalfi Coast in Italy. Romans and Greeks were there before the growing of the Baroque Palaces and Churches of Spacca Napoli. The biggest artists were all attracted by the charming of Naples, since the early ages to the Romantic period. From the old N'a Polis, founded by Greeks, to the highest glory of the Baroque Age, the city and its surroundings fascinated every traveller, who loved its artistic treasures as well as its lovely climate and the beauty of the nature around.