Arcadia and Debenhams: Business Support and Job Retention
Debate between Mark Jenkinson and Paul Scully(4 years ago)
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Paul Scully
The hon. Gentleman raises an important point. Clearly, as I say, the Pensions Regulator has significant powers here, and we will make sure that it has the space and ability to do its job.
Mark Jenkinson (Workington) (Con)
My heart goes out to all those affected by the collapse of Arcadia and Debenhams, both of which affect my Workington constituency—particularly Workington town centre, which has a Debenhams anchor. Alongside the stronger towns fund, the Government’s future high streets fund will be crucial to helping town centres not only recover but adapt in the future. In the light of unprecedented challenges this year, can my hon. Friend confirm that future high streets fund decisions are imminent and that the Government will get the cash out of the door quickly so that it can have a positive impact as soon as possible?
Paul Scully
I thank my hon. Friend for his work to support Workington. The stronger towns fund and the future high streets fund are two really important instruments in making sure that we have high streets up and down the country that can survive and thrive and that we can be proud of, and we will make sure that those announcements are forthcoming as soon as possible.