An average of three pubs and restaurants per day have shut their doors this year due to increased labour and energy costs.
Analysis CGA by NIQ, the market research firm, has revealed a net loss of 305 licensed premises at the end of March when compared to the end of December.
That follows the closures of 382 premises between September and December last year, The Times reports, meaning Britain has lost 0.7% of its licensed premises in the space of just six months.
The total number of venues remaining now stands at 98,609.
The spate of closures comes as bars and restaurants face mounting financial pressures stemming from rising costs around energy, food and labour.
That is exacerbated further by damaged consumer confidence with customers tightening their belts.
Earlier this month, Kittybrewster Bar was put up for sale after closing its doors in February.
The Brig ‘O’ Dee bar, which was also owned by David Reid of the Doric Pub Company, shut as well this year after a decade due to rising costs.