Treasury written question – answered at on 16 May 2022.
To ask the Chancellor of the Exchequer, what steps his Department is taking to support economic growth in Hendon constituency.
The Government published its Levelling Up White Paper in February. It sets out our missions as part of a decade long plan to see the potential of every corner of the United Kingdom fulfilled.
In London, Transport for London will receive £1bn annually to invest in the capital’s transport network through Business Rates Retention. London will also benefit from its share of national programmes, including the recently announced Strategic Partnerships, forming part of the Affordable Homes Programme, which will build over 29,000 affordable homes in London with £3.4bn funding.
Over 80,000 retail, hospitality and leisure properties in London could be among the c.400,000 eligible for almost £1.7bn of business rates relief in England this year, supporting the businesses that make our high streets successful to evolve and adapt to changing consumer demands, until the next revaluation.
The Government is also Levelling Up London’s digital infrastructure. The £5bn national programme, Project Gigabit, will support the rollout of gigabit capable broadband to ensure no area will be left behind. This includes places in Greater London, which is currently in scope of the programme.
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