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<p><strong>Draft Answer</strong></p><p>Between 2010 and 2018 the Government provided
nearly £2 billion to maintain and invest in our national network. This led to the
most stable Post Office network in a generation, with 93% of the population living
within 1 mile and over 99% within three miles of their nearest branch.</p><p> </p><p>The
funding was split into investment funding to support the modernisation of the network
and the business and subsidy payment to sustain those branches that are not sustainable
on a commercial basis. Government investment has also enabled the modernisation of
over 7,500 branches, added more than 200,000 opening hours per week and established
the Post Office as the largest network trading on Sunday.</p><p> </p><p>The current
Funding Agreement between BEIS and Post Office Limited runs until the end of March
2021. The funding provided by Government over FY 2019/20 & 2020/21 is as per below:</p><p>
</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Network
Subsidy Payment (£ million)</strong></p></td><td><p><strong>Investment funding</strong>
<strong>(£ million)</strong></p></td></tr><tr><td><p> </p></td><td><p> </p></td><td><p>
</p></td></tr><tr><td><p>2019/20</p></td><td><p>50</p></td><td><p>42</p></td></tr><tr><td><p>2020/21</p></td><td><p>50</p></td><td><p>-</p></td></tr><tr><td><p>
</p></td><td><p> </p></td><td><p> </p></td></tr></tbody></table><p> </p>
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