Retail Trade: Urban Areas
The question
To ask the Secretary of State for Business and Trade, what plans he has to support high street retailers.
Answered by Gareth Thomas
This Government is focused on its five-point plan to breathe life back into Britain’s high streets. Our plans include tackling retail crime, ensuring a level playing field between online and high street businesses, stamping out late payments and ending the blight of empty spaces. This work will ensure that our high streets are great places for our businesses, supporting economic growth across the UK.
The British Business Bank supports SMEs to grow by improving their access to finance. The Growth Guarantee Scheme offers a 70% government guarantee on loans to SMEs of up to £2 million in Great Britain, and £1 million in Northern Ireland and is available until the end of March 2026.
The industry-led Retail Sector Council has identified High Street Regeneration and Investment as one if its key area of work and has been considering a sector vision for the high street.
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