Telecommunications Infrastructure (Relief from Non-Domestic Rates) Bill Debate
Full Debate: Read Full DebateJulian Knight
Main Page: Julian Knight (Independent - Solihull)Department Debates - View all Julian Knight's debates with the HM Treasury
(7 years, 2 months ago)
Commons ChamberI thank the Minister for giving way—he is being most generous in allowing interventions. In 2015 and last year, Solihull enjoyed a higher growth rate than China, but it is still one of the poorest areas for broadband provision, particularly business provision. The Minister can imagine what more could be achieved if we had better broadband, so the Bill is very welcome, as is the £60 million in targeted tax relief. Does he agree that the relief will not only boost Solihull’s economy but key in to the midlands engine, which is absolutely at the heart of UK growth and productivity?
My hon. Friend is a keen advocate and supporter of the businesses of Solihull. My understanding is that, by the end of the current roll-out period, 91% of properties will have been reached by superfast broadband. However, the Bill will incentivise providers to roll out more direct fibre services to all parts of the country. Hopefully, businesses and individuals in Solihull will also benefit from the provisions in the Bill.
Through these powers, we will target the relief on operators of telecoms networks who deploy—I have reiterated this point a number of times for the sake of clarity—new fibre on their networks. The proposals will incentivise and reward operators who invest in the fibre network.
These concepts have not been defined before for business rates. The powers in the clauses will therefore allow us to develop definitions with experts in the telecoms and business rates sectors. By taking this approach, we can ensure that we accurately capture in the relief only those parts of the telecoms network that comprise new fibre, which has been a significant concern of right hon. and hon. Members.