Local growth funding is crucial to our growth mission and to tackling regional inequalities. The Government will set out a refreshed approach to local growth funding at the multiyear spending review in the spring. That will end the beauty parades and short-term decision making and put local communities in charge of their own destiny, just as we committed to at the general election.
Ilford is a hub of regeneration, offering opportunities to independent businesses in new spaces such as Mercato Metropolitano. Ilford has thousands of small and medium-sized businesses that make our high streets more vibrant and offer choice to locals. What are the Government doing to support those businesses so that they can thrive on our local high streets?
As has been a theme of earlier questions, revitalising our high streets is a priority for this Government. We have announced a number of measures, including permanently lowering business rate multipliers for retail, hospitality and leisure properties from 2026-27, introducing high street rental auctions and providing additional funding to tackle retail crime, all of which will support businesses and our high streets.
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