Retail Trade

(asked on 30th September 2019) - 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 steps she is taking to increase consumer confidence in high street retail.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 7th October 2019

Government wants high street retail to thrive. We are committed to supporting the sector whilst it responds to changing consumer expectations and recognise that 82% of sales by value are still in physical stores.

The industry led Retail Sector Council has brought Government and industry together. Its aim is to accelerate positive change, increase the productivity of the sector, and ensure the sector remains robust and sustainable to continue providing a valuable service to consumers and the community.

Government is also taking steps to help high streets and communities adapt. On 26th August, my rt. hon. Friends the Prime Minister and the Secretary of State for Housing, Communities and Local Government announced the expansion of the Future High Streets Fund from £675m to £1bn which will enable more local areas in England to invest in town centre infrastructure, increase access to high streets and support redevelopment and densification around high streets.

We have also launched ​a new forward-thinking High Streets Task Force supporting local leaders to revitalise high streets and town centres. ​The High Streets Task Force will be comprised of experts who will provide tailored guidance and advice to local authorities and other local partners seeking to breathe new life into their local high streets and town centres.

Since 2010, Government has helped create over 360 town teams, and given over £18million to towns - funding successful initiatives such as "Love Your Local Market", the "Great British High Street" and also supporting Small Business Saturday UK, where an estimated £812 million was spent with small businesses across the UK for Small Business Saturday in 2018, up from £748 million in 2017.

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