(4 years, 10 months ago)
Commons ChamberThis Government are committed to supporting high streets and local leaders up and down the country, and we are doing that through our £1 billion future high street fund, which is part of our larger £3.6 billion towns fund.
As this is our first questions after the festive season I want to take this opportunity to thank all the shopworkers who worked so hard over the Christmas period to enable us to deliver our Christmas presents—and particularly, if I may, Mr Speaker, the workers in the RSPCA shop on Bank Street who sold me the very natty tie I am wearing for 50p only last Friday.
I welcome my hon. Friend back. He has been a redoubtable campaigner in the area of business rates in his time in Parliament. Working with him and through him, the Government have, since 2016, introduced a £13 billion cut in business rates over the next five years. Should we in this Parliament seek to go further and faster? Yes. We are going to review business rates and I am sure my hon. Friend will play an active role in that review.
Leading on from the issue raised by my fellow colleague from Suffolk, Beales has stores in both Lowestoft and Beccles in my constituency. It is clear that the crippling impact of business rates has been a significant contributory factor to the difficulties it is currently facing. I acknowledge the rates relief the Government have provided to smaller businesses, but may I urge my right hon. Friend to ensure, in the review of business rates that is due to take place, that the Government not only consider root and branch reform but the replacement of rates, too?
My hon. Friend, as a chartered surveyor, is an expert in this area and, like our parliamentary colleague, he has campaigned vigorously and continuously. In terms of the review, everything is going to be reviewed. It will be a joint review between my Department and the Treasury. All ideas, from all sides of the House, about how we improve the health of our high streets and our business community more generally, will certainly be taken on board.
(6 years, 10 months ago)
Commons ChamberSince 2012, we have invested £174 million in 295 coastal communities fund projects throughout the UK. Those projects are forecast to deliver 18,000 jobs, and we have announced that round 5 of the coastal community fund, worth £40 million, will open shortly.
I am grateful to the Minister for that reply. The Lowestoft coastal communities team has developed an exciting strategy for the regeneration of the town’s historic seafront. Will my hon. Friend visit Lowestoft to see for himself the work that will transform Britain’s most easterly town into the east coast’s destination of choice?
My hon. Friend’s constituency has already received more than £1.5 million from the coastal communities fund, which shows how he is delivering for his constituents through his campaigning. I would be delighted to visit when I am in his area.