Government funding for the High Street

The government has announced funding of about £650 million pounds for the rejuvenation of our high streets. The question is will Dartmouth take advantage of this fund by applying through SHDC or DCC for support? What would we invest in to revitalise Dartmouth’s retail offer?

If you run a business in Dartmouth your ideas are welcome.

Read the Chancellor’s announcement here

In the Chancellor’s last budget he stated :

“Chancellor Philip Hammond has confirmed plans to spend £1.5 billion on the UK’s high streets as part of his Autumn Budget statement yesterday.

The funding comprises of £900 million in business rates relief for nearly 500,000 small businesses, plus £650 million for the transformation of high streets, transport and infrastructure improvements, building restorations, and potential changes to planning rules to allow shops to be converted into homes and offices.

The new package is particularly aimed at helping small town retailers and high street businesses, with Hammond announcing business rates relief for firms with a rateable value of less than £50,000 will be cut by a third.

“The high street lies at the heart of many communities and it is under pressure as never before,” he said.

“If Britain’s high streets are to remain at the centre of community life, they will need to adapt. Today, we support them to do so.””

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