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Retail Trade: Urban Areas

Question for Treasury

UIN 210716, tabled on 21 January 2019

To ask the Chancellor of the Exchequer, what discussions his Department is having with the devolved Administrations on government support for high street businesses.

Answered on

29 January 2019

At Budget 2018, the Government announced a £675 million Future High Streets Fund to support local areas in England in developing and funding plans to make high streets fit for the future. Alongside this, the UK Government announced a business rates discount of one third for small retailers in England for two years from April 2019. As high streets funding and business rates are devolved, the Barnett formula has been applied to both in the normal way, and it is for the Devolved Administrations to decide how to use this additional funding.

Answered by

Treasury