Arcadia and Debenhams: Business Support and Job Retention
Debate between Paul Scully and Hywel Williams(4 years ago)
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Paul Scully
I wish my hon. Friend every success in that bid—the announcement will be forthcoming. It is important that we have small business Saturday coming up this Saturday, and we must make sure independent stores thrive. However, the brands he talks about that are going do drag footfall towards those smaller businesses, which is why we need to look at the high street as a whole.
Hywel Williams (Arfon) (PC) [V]
Debenhams is a cornerstone employer in Bangor city centre. Its closure will be a severe blow to the staff who have worked there loyally for many years, and even more so now, I am afraid, because North Wales Mersey Dee Business Council reports that, across the region, 17% of businesses in retail and hospitality have already made redundancies. Thinking creatively, what consideration has the Minister given to material Government support specifically for repurposing large retail spaces into smaller, short-term, start-up units?
Paul Scully
We always work with local authorities to see what initiatives can come up. We work closely with them because it is typically the local authorities, local enterprise partnerships and other business groupings in each local area that know their local economy, and we are always happy to look at any initiatives.