Alex Norris

Alex Norris

Labour (Co-op) — Nottingham North and Kimberley

Speaking in the House of Commons on 16 October 2024

Debate

City and Town Centres: Regeneration

Contribution

I might move my 1.5 speed down to 1.4 speed, then! Hon. Members, including my hon. Friends the Members for Macclesfield (Tim Roca) and for Cowdenbeath and Kirkcaldy (Melanie Ward) and the shadow Minister, mentioned business rates, which we are very mindful of. As we have said, we intend to level the playing field between the high street and online giants to incentivise investment, tackle empty properties and support entrepreneurs in that venture. However, that measure has to be revenue-neutral because of the important work that business rates do. Hon. Members invite me to make a slightly more fulsome commitment than I can today, because we are two weeks away from a major fiscal event. As they would expect, any significant tax announcement will be made then by the Chancellor, so I have to hold a little bit back. We have made the commitment we have made, however, and I have said what I have said today. We understand how important the issue of business rates is. My hon. Friend the Member for Lowestoft (Jess Asato) talked about the loss of the final bank in Beccles, how that is a totemic moment for a high street or town, and the impact it has on footfall, which is at the heart of the viability and safety of businesses. We are very keen on and committed to banking hubs: we have committed to rolling out 350 by the end of the Parliament, and we expect 100 to already be in place by Christmas. I have no doubt that she will be an advocate for her community in that regard. Banking hubs could become not only important in arresting one of the major sources of decline we have seen over the years, but a very attractive anchor on a high street, helping to bring in other businesses. There is a lot to go for in the banking hubs space. Hon. Members have mentioned planning. We do not have time to talk about the whole planning system, but we want an environment that promotes the new mix. The Lib Dem spokesperson, the hon. Member for Mid Dorset and North Poole, talked about not wanting to go back to the past, but it will not be, because we could order a book in two clicks on our phone—in this debate, heaven forfend. Instead, we know that the future will look different. Whether it is banking hubs, a mix of retail and leisure or, as the shadow Minister said, housing in the right conditions, it is about that new mix, and we want to ensure that communities have the tools and resources to shape place to ensure that they have that. I will draw my remarks to a close so that my hon. Friend the Member for Derby North has time to sum up, and I will end where I started by congratulating her on introducing the debate. We have heard from hon. Members across the nations and regions of the UK. There are many common challenges, but there is a real enthusiasm for the powers and resources to shape place locally, and that is what this Government will deliver.

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