Covid-19: Financial Support for High Street Retailers Debate
Full Debate: Read Full DebateEarl of Clancarty
Main Page: Earl of Clancarty (Crossbench - Excepted Hereditary)Department Debates - View all Earl of Clancarty's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 10 months ago)
Lords ChamberI agree with my noble friend that the retail sector has been undergoing a period of transition that well predates the pandemic. High streets play a crucial part in our rural communities, and through the £3.6 billion Towns Fund and the High Street Task Force we are providing support to local businesses and high streets.
My Lords, does the Minister agree that it is difficult to separate the original Question from questions about the longer term at a time, for example, when the current vulnerability coincides with changes to planning regulations? How much importance will be attached to the recent LSE report, Saving the high street: the community takeover, and does its message that close local authority involvement with community-driven projects is central to the future of our town centres have the Government’s support?
The noble Lord is quite right. We welcome the report prepared for Power to Change, which provides some valuable insights that will inform future policy interventions to support the recovery of the high street and town centres. This is a difficult, ongoing problem and we will want to work closely with both local authorities and retailers to solve it.