Desmond Swayne
Main Page: Desmond Swayne (Conservative - New Forest West)I say to the hon. Gentleman that 100% of business rates will be retained in local government to be spent on local government services. There will need to be a form of redistribution so that local authorities that do not collect as much in business rates are not left in a difficult situation. The hon. Gentleman will be glad to know we consulted extensively in the sector and received more than 450 responses.
We are doing a number of things. At the party conference, we announced the home building fund, which will provide home builders with the finance that they often cannot secure commercially. We are also looking into planning policy to ensure that we release the vital small sites that small builders can take on.