MP's press business rate reforms

MPs and City representatives have urged the government to introduce fiscal incentives to support the recovery of the high street, including reforming business rates and VAT incentives. The group published five recommendations to support urban-led recovery, including the replacement of current “piecemeal” funding arrangements in favour of fewer and longer-term mechanisms.

It also recommends the government to allow local authorities to construct a new wave of social housing and facilitate its ability to borrow against assets to allow them to reinvest in regeneration.

John Stevenson MP, co-chair of the Key Cities APPG, said: “To ensure that the UK’s urban areas can drive the UK’s post-pandemic economic recovery and growth, it’s essential that government looks and listens to those directly involved in running and representing our towns and cities.

“Our APPG report highlights a number of tangible and practical recommendations that will deliver real positive outcomes to people and places across the country, and we welcome engagement with government to take them forward.”

Cllr John Merry, chair of the Key Cities network and deputy mayor for Salford, added: “With a network of 25 towns and cities up and down the UK, Key Cities is uniquely placed to support the government in delivering its levelling-up agenda. Together, we can develop and implement these recommendations to drive a better future for our citizens and breathe new life into our communities.”