High Street Regeneration and Unlawful Storefronts
Debate between Valerie Vaz and Nesil Caliskan(1 month ago)
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Nesil Caliskan
I thank my hon. Friend for reiterating that important point. The Government will make changes here in Westminster, but we have to ensure that those changes are embedded in our local communities, so that local authorities feel they have the agency, the powers and the resources they need to implement those changes, and that local businesses know what the legislative framework is so that good businesses feel they are supported and illegal businesses know that they cannot get away with it. In essence, that is what helps to build thriving communities for our high streets and town centres.
Valerie Vaz (in the Chair)
Order. The Minister may want to give the Member in charge two minutes to wind up.
Nesil Caliskan
Let me just address the points on business rates, Ms Vaz. Members will recognise that business rates are a long-standing issue. The Government are determined to remove barriers to investment. That is why we have introduced new multipliers that are worth over £1 billion per year and benefit more than 750,000 properties. They will give long-term certainty to high streets and businesses. We know that the cut must be a sustainably funded model, so the Government are paying for it through a high-value multiplier on the top 1% of the most expensive properties.
Pressures on businesses are complicated. Business rates play a part, but viable businesses depend on footfall, place-making of a high street and support from agencies such as the local authority and the public sector. A number of points have been raised, including about the importance of footfall, the role of public services relocating into high streets, making sure that family hubs exist where there is footfall, and densification through things such as banking hubs.
I thank hon. Members for their contributions, and I thank the hon. Member for Bromsgrove again for securing such an important debate.