The Future High Streets Fund
The Committee has welcomed the Future High Streets Fund, but has recognised that many towns will miss out on this support with ATCM's CEO, Ojay McDonald, stressing that better resourced local authorities must be part of a longer-term answer.
The Committee says:
"The Future High Streets Fund is only one part of the solution. Local intervention, while essential, needs to be accompanied by further action by central government and at local level, as well as by retailers and landlords, to create the conditions for high streets and town centres to flourish in the future."
In partnership with the Institute of Place Management and The BID Foundation, ATCM provided written evidence to the Committee. ATCM also provided oral evidence and supported study tours of the Committee to Stockton and Darlington last year. We want to thank the Committee for the interest in town centres and providing cross-party, public scrutiny over the UK Government's support for town centres.
Treasury Announces Inquiry into Business Rates
The end of this inquiry comes days after the Treasury Committee has announced an inquiry of its own, looking at greater detail at the role of the business rates system in terms of both the impact on businesses and local government finance. ATCM will be monitoring this and working with members and partners to influence the final report in the coming months.