Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps his Department is taking to financially support retail and hospitality businesses on the high street.

The government is taking significant steps to support retail and hospitality businesses on high streets. From April 2026, we are introducing permanently lower business‑rates multipliers for retail, hospitality and leisure properties, worth nearly £900 million a year and benefiting over 750,000 premises. In recognition of the impact of the revaluation on bills, the government has introduced £4.3 billion transitional support package, to protect ratepayers from large overnight increases.

We have also announced further targeted support for pubs, and from April eligible pubs will receive a 15% cut to their new business‑rates bills, followed by a two‑year real‑terms freeze. We are also more than doubling the Hospitality Support Fund, with £10 million funding over three years. Later this year, we will bring forward a new High Streets Strategy, to help reinvigorate our communities.