Post Offices: Finance
(asked on 26th November 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of the £50 million announced in the 2020 Spending Review for Post Office subsidy and restructuring has been allocated for (a) subsidising and (b) restructuring the branch network.
This question was answered on 1st December 2020
The Government will provide £227 million of funding through the Spending Review to the Post Office. This extends the £50 million network subsidy and provides Post Office with £177 million to invest in the future of the network.