Asked by: Damien Moore (Conservative - Southport)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what fiscal steps he is taking to support coastal communities with tourism industries in summer 2024.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The Government recognises the central role of our coastal communities in the tourism sector.
This is why on Heritage Day in March, the Department for Culture, Media and Sport announced that it will be launching a dedicated fund to support enhancements to our seaside heritage, to help protect and rejuvenate coastal assets which are in need of further support.
At the Autumn Statement 2023, the Government also announced an extension to the 75% business rate relief for eligible retail, hospitality and leisure properties for 2024-25.
We have also supported coastal communities to level up through dedicated funding under the Coastal Communities Fund, while the Levelling Up Fund has provided around £1 billion to projects in coastal areas. Over £400 million from the UK Shared Prosperity Fund is going to lead local authorities within or serving coastal areas.
Across this Spending Review period, the Government has allocated over £100m to the British Tourist Authority to support VisitBritain and VisitEngland with marketing activity that includes championing visiting Britain’s coastline.
Written Evidence May. 21 2024
Inquiry: High streets in towns and small citiesFound: , Levelling Up Fund, Shared Prosperity Fund, High Street Rental Auctions, High Street Accelerators
Written Evidence May. 21 2024
Inquiry: FCDO and civil societiesFound: Security Fund (UK ISF) for some of this programmatic work.
May. 21 2024
Source Page: Major levelling up regeneration programme rolled out in TorbayFound: Torbay’s Levelling Up Partnership includes: £8m to fund the first phase of the refurbishment of the
May. 20 2024
Source Page: Treasury Minutes – May 2024Found: and the Future High Streets Fund (England only); • Levelling Up Fund (UK wide); and • UK Shared Prosperity
May. 20 2024
Source Page: Treasury Minutes – May 2024Found: and the Future High Streets Fund (England only); • Levelling Up Fund (UK wide); and • UK Shared Prosperity
May. 20 2024
Source Page: UK Shared Prosperity Fund: grant determinations 2024 to 2025Found: UK Shared Prosperity Fund: grant determinations 2024 to 2025
May. 20 2024
Source Page: Smarter regulation: One year on. 45p.Found: Engineering Biology Sandbox Fund This funding will support ambitious new sandboxes across the
Mentions:
1: Andrew Mitchell (Con - Sutton Coldfield) Russia’s military now sucks up over 40% of Government spending, over half of Russia’s national wealth fund - Speech Link
2: Andrew Mitchell (Con - Sutton Coldfield) which she now flagrantly breaks and dishonours; they are essential foundations for the security and prosperity - Speech Link
3: Andrew Mitchell (Con - Sutton Coldfield) that many of us have felt over the last year in trying to get the fund up and running. - Speech Link
4: Dan Carden (Lab - Liverpool, Walton) The foundation of our partnership with Ukraine must be one of enduring value as well as shared values - Speech Link
5: Marie Rimmer (Lab - St Helens South and Whiston) The brave Ukrainians are fighting for our shared values. - Speech Link
Asked by: Damien Moore (Conservative - Southport)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Office for National Statistics' report entitled GDP first quarterly estimate, UK: January to March 2024, published on 10 May 2024, what assessment he has made of the potential impact of the growth figures in that report on towns and cities in the North West.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The economy has performed better than expected in the face of unprecedented shocks, and the plan is working. The economy grew by 0.6% in the first quarter of 2024, the fastest quarterly growth rate in over two years, and growth is forecast to pick up both this year and next.
Subnational GDP figures over the same period are not yet available therefore no assessment has been made of the latest UK GDP growth figure on towns and cities in the North West.
The North West continues to benefit from over £15bn of local growth funding announced since 2019, including over £52m going to the Liverpool City Region through the UK Shared Prosperity Fund.