City and Town Centres: Regeneration

Rachel Hopkins Excerpts

Wednesday 16th October 2024 Westminster Hall

[Rachel Hopkins (Luton South and South Bedfordshire) (Lab)]

It is a pleasure to see you in the Chair, Mr Vickers —challenge duly accepted.

I congratulate my hon. Friend the Member for Derby North (Catherine Atkinson) on securing this debate and on her brilliant opening speech. Hon. Members have talked about the town and city centres at the heart of our local communities. Unfortunately, under the previous Government, they were overlooked, underfunded and undervalued for too long. That has manifested itself in empty retail spaces, boarded-up shops and the loss of banks and local independent businesses in our communities.

The British Retail Consortium has found that 6,000 shops have been lost in the past five years. In many cases, overhead costs such as business rates had a material impact on the decision to close, so I welcome Labour’s plans to tackle the issue head on and reform the business rates system, levelling the playing field between the high street and the online giants, better incentivising local investment, tackling empty properties and supporting entrepreneurship.

Supporting our small businesses in Luton South and South Bedfordshire is of great personal interest to me. I have just launched my fourth annual small business awards, for which residents can nominate their favourite local business so we can support and promote business owners across the constituency. Small businesses are the backbone of our communities and deserve to be celebrated.

We must not underestimate the role of our local authorities in the regeneration in our towns and cities and the creation of place. The Local Government Association, of which I am proud to be a vice-president, has emphasised the importance of local councils in leading projects in partnership with residents, local businesses and other anchor institutions. They are best qualified to identify what their community needs. The LGA has also highlighted the need for councils to have access to one pot of long-term funding, alongside the resources and flexibility from central Government to work with local partners. That will allow councils to invest in local infrastructure and support local growth in a way that recognises the unique challenges and opportunities facing each place.

I am glad that our Labour Government recognise the vital role that local authorities play and are committed to ensuring that they have the tools they need to effectively develop and implement plans to support their high streets. We are seeing evidence of that regeneration in Luton: significant work is already under way to stimulate economic growth within the town centre, including the development of The Stage, a multi-purpose facility in Bute Street, under the levelling-up fund.

It would be remiss of me to highlight the brilliant regeneration going on in Luton without mentioning our fantastic football club, Luton Town. I was lucky enough to watch the wonderful match at Wembley in May last year when we gained promotion; ever the optimist, I hope to see us back there. Our Premier League promotion meant that people from all over the country came to Luton to see exactly what we are about. We are a beautifully diverse town with a thriving cultural scene and a sense of community. The redevelopment of the Power Court area, including the relocation of Luton Town’s stadium, is a defining milestone in this mission. The plans for a larger-capacity football stadium, as well as retail space, a hotel and a music venue, mark a regenerative era for the town and represent the increasing ambitions that Luton holds for its football team.

With exciting regeneration plans under way in Luton, an accessible station and a connected local transport network have never been more necessary. I will continue to campaign for an access-for-all lift at Luton station and a complete regeneration of the station itself—but that is a debate for another time.

I am glad to say that the regeneration and improved sustainability of our town and city centres, which were once an afterthought, are now a primary focus for our new Government as we work to deliver economic growth and raise living standards across the country.

[Martin Vickers (in the Chair)]

That speech lasted for four minutes, so we are getting better. Jim Shannon will take only three.