The city centre fine dining spot has closed its doors with ‘immediate effect’
High-end wine bar and restaurant Climat has taken to social media to announce its closure, describing the difficult decision to close after three and a half years of trading as ‘yet another casualty of the times we’re living in’.
In the post shared on Instagram, restaurant founder Christopher Laidler wrote:
I’m heartbroken to announce the closure of Climat with immediate effect. Sadly, we are yet another casualty of the times we’re living in.
The reasons for closure will echo those of many of our peers. Ultimately, a stagnant economy and the persistent cost of living crisis, combined with rampant food inflation and the ever increasing tax burden for small business has created the perfect storm for hospitality - an industry so reliant on high staff numbers and costly, well-positioned locations - both of which have received significant tax increases over the last two budgets.
During Climat’s first 13 months in business, we were billed over £112,000 for electricity alone, almost 400% more than budgeted. Since opening the doors in December 2022, wages have increased by 33% alongside the more recent increases in Employers National Insurance Contributions. Our business rates payable in 2023/24 were £12,000p/a, today they sit at £38,000p/a. All these increases alongside reduced footfall are spelling disaster for so many.
Whilst I wanted to highlight these reasons for closure, in the naive hope the Government will start to listen before it’s too late for others, I want to acknowledge the fantastic work of our team over the last 3.5 years. The closure does not do justice to their efforts and dedication. I’d also like [to] extend a huge debt of gratitude to our guests for their support, enabling us to build a nationally recognised wine list - our raison d’être.
I wish everyone the very best of luck in these challenging times.
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