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1128919

	registered interest
	date	03/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Post Office: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what funding from the public purse will be provided to Post Office Ltd in the next three years; and if he will make a statement.
	tabling member constituency	Gedling
	tabling member printed	Vernon Coaker
	uin	258992
	answer	answer is ministerial correction date of answer 07/06/2019 answer text <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 &amp; 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> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 07/06/2019 11:57:56 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 121126 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	360 label Biography information for Lord Coaker

1128920

	registered interest
	date	03/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	WH Smith: Post Offices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Post Office Ltd on the agreement they reached with WHSmith’s following the closure of Crown Post Offices; and if he will make a statement.
	tabling member constituency	Gedling
	tabling member printed	Vernon Coaker
	uin	258993
	answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>BEIS Ministers and officials engage regularly with representatives of Post Office Limited on a range of strategic issues of mutual interest. While the Post Office is publicly owned, it is a commercial business operating in competitive markets. The Government sets the strategic direction for the Post Office – to maintain a national network accessible to all and to do so more sustainably for the taxpayer – and allows the company the commercial freedom to deliver this strategy as an independent business. Therefore, issues relating to the Post Office network, including Crown Post Offices and franchising agreements with WHSmith, are all operational matters for Post Office Limited.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 10/06/2019 08:50:41 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	360 label Biography information for Lord Coaker

1128921

	registered interest
	date	03/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Post Offices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Post Office Ltd on the retention of the existing network; and if he will make a statement.
	tabling member constituency	Gedling
	tabling member printed	Vernon Coaker
	uin	258994
	answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>BEIS Ministers and officials engage regularly with representatives of Post Office Limited on a range of strategic issues of mutual interest. While the Post Office is publicly owned, it is a commercial business operating in competitive markets. The Government sets the strategic direction for the Post Office – to maintain a national network accessible to all and to do so more sustainably for the taxpayer – and allows the company the commercial freedom to deliver this strategy as an independent business. Therefore, issues relating to the Post Office network, including Crown Post Offices and franchising agreements with WHSmith, are all operational matters for Post Office Limited.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 10/06/2019 08:50:47 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	360 label Biography information for Lord Coaker