Markets
The question
To ask the Secretary of State for Housing, Communities and Local Government, what measures has the government taken to help ensure that outdoor and indoor markets are sustainable.
Answered by Miatta Fahnbulleh
The Government believes markets have an important economic and social role at the heart of many communities. It is for local authorities, not central government, to make decisions on running, supporting and investing in local markets in their areas.
From 2026/27, we are introducing permanently lower business rates multipliers for retail, hospitality, and leisure properties with rateable values below £500,000, including markets. This permanent tax cut will ensure that eligible markets benefit from much-needed certainty and support.
Communities can also choose to invest in markets through the Government’s Pride in Place programme, which will provide £20 million over 10 years to 244 of the most deprived places in the UK.
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