Post Offices: Finance

(asked on 14th November 2022) - 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 recent steps his Department has taken to (a) retain and (b) invest in post offices in uncommercial parts of the network.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 22nd November 2022

The Government has provided over £2.5 billion in funding to support the Post Office network over the past 10 years and is further providing £335 million for the Post Office over the next three years. This package includes funding to ensure the viability of rural and community branches. Since 2019 funding for the network has been maintained at £50 million a year and will remain at the same level until 2025.

Additionally, the Government-set access criteria requires 95% of the population in rural areas to be within three miles of the nearest branch. The Post Office network meets and exceeds this at a national level.

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