Asked by: Anna Gelderd (Labour - South East Cornwall)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support (a) Liskeard and (b) other rural communities to maintain access to (i) banking and (ii) other essential services after the closure of local post offices.
Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)
The Government provides an annual £50m Network Subsidy funding to support the delivery of a minimum number of branches, including Liskeard and other rural & urban communities and to provide a geographical spread of branches in line with published access criteria. The access criteria ensure that however the network changes, Post Office delivers essential services, including banking and cash services, across the UK via its network of 11,500 branches.
The Government understands the importance of face-to-face banking to communities and high streets, and is committed to championing sufficient access for all. We have committed to work closely with banks to roll out at least 350 banking hubs, which will provide individuals and businesses up and down the country with critical cash and banking services.