Retail Trade: Urban Areas

Treasury written question – answered on 29th January 2019.

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Photo of Marcus Jones Marcus Jones Vice-Chair, Conservative Party

What fiscal steps he is taking to support the high street.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

Budget 2018 announced Our Plan for the High Street, which will provide £1.5bn to support high streets as they adapt to meet the changing needs of shoppers.

The Plan includes a £675m Future High Streets Fund, planning reform, a High Streets Taskforce and support for community assets.

It also includes one third off small retailers’ business rates bills for two years from April. [This is worth almost £900m to businesses.]

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