Local Government Finance — House of Commons, 2019-02-05
Topic: Housing
Jack Edgar Brereton (Conservative, Centre-right): I draw attention to my entry in the Register of Members’ Financial Interests I am delighted by the success of Stoke-on-Trent’s pooled bid for 75% business rates retention. Increased rates retention fits the city’s ambition to be a prominent and notable success story of the Government’s localism agenda, and will enable that ambition to be realised. Stoke-on-Trent is on the up, and the city council has set out a compelling strategic vision to keep it that way, working closely with local partners across Staffordshire. Challenges remain, but after decades of decline under Labour there is huge local support for the growing prosperity of our proud city and an appetite for locally driven change, with local business and employment opportunities being given the boost that they need People wanted to see improved living standards, and since the Government took office in 2015, local Conservatives, in coalition with independents, have indeed delivered positive change. We have upped the ambition for the city, making close-run, enthusiastically supported bids for the title of city of culture and for a Channel 4 hub. We have a heritage zone in Longton, money from the transforming cities fund to improve local transport, and the Ceramic Valley enterprise zone Fully realising the city’s ambition requires local people of all ages to gain directly, and be seen to gain directly, from the implementation of pro-business, pro-development policies. Getting more out of what we put in is a fundamental requirement for improved ambition and productivity in the Potteries and in Staffordshire more generally. We are determined to share the proceeds of local growth locally, generating the levels of support that we need to continue our ambitions for redevelopment and greater prosperity for our city. The hard work done by the council in recent years has seen Stoke-on-Trent recognised in independent assessments as one of the best places in the United Kingdom in which to start a new enterprise Local authorities have a vital role in making high streets and towns places where people want to be. Rates retention is an important reform because it ensures that authorities have a direct financial incentive to improve the sense of place and sense of destination, encourages more people to live in town centres such as Longton and Fenton, and encourages more small businesses to move into spaces that are currently vacant. Initiatives such as the future high streets fund are essential additions. We must incentivise property owners to convert their empty buildings so that they can serve new and creative uses. I certainly hope that our bid for that funding will be successful Brownfield land is a significant issue in Stoke-on-Trent, a legacy of our past industrial decline. I was pleased to meet my hon. Friend the Minister for Housing and representatives of Homes England recently to discuss some of the challenges involved. Decontaminating land to make it fit for house building can prove highly expensive. Much of it consists of smaller urban sites, and larger house builders are unwilling to take them on. The challenges are often left with smaller developers, who frequently struggle to swallow the high risk A focus on local business growth is particularly important in cities like Stoke-on-Trent, because the residential council tax base is low. The reality of our housing offer locally means that council tax alone will never allow us to keep pace with the growing and necessary demands on the public purse from, for instance, social care. What we are doing locally is seeking alternative ways of generating revenue to help to fund services. That will make us more self-sufficient, unlike Labour’s approach, about which we heard earlier. It would only saddle our constituents with more borrowing and more taxes, which we cannot afford.