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Retail Trade: Government Assistance

Question for Treasury

UIN 3896, tabled on 19 May 2021

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support high streets in (a) Coventry, (b) the West Midlands and (c) England during the covid-19 outbreak.

Answered on

24 May 2021

The Government is committed to supporting the crucial role that high streets play in our communities – both in the West Midlands and across England. This is why the Government has made up to £25bn grant funding available to businesses in England, as well as ensuring eligible businesses in the retail, hospitality and leisure sectors in Coventry and across England will benefit from business rates relief worth over £6 billion in 2021-22. To help councils boost tourism, improve green spaces and provide more outdoor seating areas, markets and food stall pop-ups, we also launched the Welcome Bank Fund in March this year. On top of this, we are investing £830m for 72 places to transform their high streets into vibrant hubs for future generations and to protect and create thousands of jobs. For the West Midlands, this includes an ambitious package of funding for Leamington Town Spa (£10m), Wolverhampton (£15.8m), Tamworth (£21.7m), Kidderminster (£20.6m), Brierley Hill (£10m), Walsall (£11.4m), Nuneaton (£13.4m), Newcastle-Under-Lyme (£11m), and Stafford (£14.4m).

Answered by

Treasury
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