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988898
registered interest false more like this
date remove filter
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Post Offices: Franchises more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money from the public purse has been spent on the Post Office franchising programme since 2013. more like this
tabling member constituency Sheffield, Brightside and Hillsborough more like this
tabling member printed
Gill Furniss more like this
uin 180280 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-22more like thismore than 2018-10-22
answer text <p>Government has invested over £2 billion in the Post Office since 2010. Funding has been split between subsidy funding to support branches that are not economically viable and investment funding to modernise the post office, including transforming branches and franchising some directly managed branches. The split for the current funding package between April 2018 to March 2021 is £210 million in investment funding and £160 million in subsidy.</p><p> </p><p>While the Government sets the strategic direction for the Post Office, it allows the company the commercial freedom to deliver this strategy as an independent business. Thus, the precise allocation of funding to different programmes is an operational matter for Post Office Limited and is reported in their annual report and accounts which can be found on their website at <a href="http://corporate.postoffice.co.uk/" target="_blank">http://corporate.postoffice.co.uk/</a>.</p> more like this
answering member constituency Rochester and Strood more like this
answering member printed Kelly Tolhurst remove filter
question first answered
less than 2018-10-22T15:30:35.153Zmore like thismore than 2018-10-22T15:30:35.153Z
answering member
4487
label Biography information for Kelly Tolhurst more like this
tabling member
4571
label Biography information for Gill Furniss more like this