Retail Trade: Urban Areas

Treasury written question – answered on 29th January 2019.

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Photo of Kirstene Hair Kirstene Hair Conservative, Angus

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

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

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.

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