City and Town Centres: Regeneration

Jess Asato Excerpts

Wednesday 16th October 2024 Westminster Hall

[Jess Asato (Lowestoft) (Lab)]

It is a pleasure to serve under your chairmanship, Mr Vickers. I thank my hon. Friend the Member for Derby North (Catherine Atkinson) for securing this debate.

We have all heard about the challenges facing our high streets, and, in Lowestoft and Beccles in my constituency, the difficulties are all too real. Last year, a survey found that out of the 366 premises in Lowestoft, 96 were empty. In Beccles, our last remaining bank for business, Lloyds, is set to close, forcing businesses that rely on it to travel to Lowestoft on gridlocked roads to do their banking. Poor mobile connectivity in Beccles is also hampering our residents’ ability to do business effectively. We also lack a real plan to support Lowestoft’s nighttime economy, which includes our wonderful theatres, the Marina and Players, our cinema—the most easterly in the UK—and our excellent restaurants such as MarkG. We lack buses that run into the evening, and later trains from Lowestoft to Ipswich.

I am glad, however, to say that in Lowestoft we have seen signs of life returning to the high street. Our heritage action zones have breathed new life into beautiful old buildings. Plans such as the £24.3 million cultural quarter and the £4.8 million creative hub in a former post office are incredibly exciting. Those investments are not just about buildings; they represent a belief in the future of our town. We are reimagining our future as a green energy gateway to the east of England and as a cultural destination, led by the excellent team behind the First Light festival. Meeting with businesses in the town, I see that belief, and I am confident that Lowestoft has what it takes to bounce back fully. I made a pledge during the election to open a parliamentary office on the high street should I win, and I am delighted that soon I will do just that.

Lowestoft is a beautiful place with potential that is beginning to be unlocked by entrepreneurs, community leaders and the fantastic people behind Lowestoft Vision. The momentum we are gaining needs to be sustained. That is why this Government’s plans to boost business and build back the high street, whether by tackling antisocial behaviour or giving communities the power to revamp their high streets, are so important.

I hope that the Minister can reassure us that the Government are working at speed to review business rates so that our small high street business are not disadvantaged compared with the online giants. I am confident that there is a way forward, so that our high streets are once again not just surviving but thriving.

[Several hon. Members rose—]