Retail Trade: Urban Areas

(asked on 8th September 2021) - 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 assessment he has made of the potential merits of implementing the recommendations of the fourth Grimsey Review, published July 2021.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 16th September 2021

The Government is fully committed to supporting the independent businesses and communities that make our town centres successful as the nation responds to the impacts of the Covid-19 outbreak. Our package of support for businesses through this period totals over £352 billion including business grants, the coronavirus loan schemes and Job Retention Scheme, as well as deferral of income tax payments. This builds on major investment and action from Government to level up opportunity and prosperity across all areas of the country, including through the £4.8 billion Levelling Up Fund, the £220 million UK-wide Community Renewal Fund and the £3.6 billion Towns Fund.

The retail, hospitality and leisure business rates relief in England is worth over £6bn to eligible businesses in 2021/22 alone. We extended the moratorium on commercial landlords’ right to forfeiture for the non-payment of rent to March 2022, and we will introduce legislation to help landlords and tenants resolve historic Covid-19 rent debt through binding arbitration if necessary.

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