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714059
registered interest false more like this
date less than 2017-03-27more like thismore than 2017-03-27
answering body
Department for Culture, Media and Sport more like this
answering dept id 10 remove filter
answering dept short name Culture, Media and Sport more like this
answering dept sort name Culture, Media and Sport more like this
hansard heading Electronic Commerce remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Culture, Media and Sport, what advice her Department has given to local authorities on attracting future investment for digital start-ups as a result of the UK's decision to leave the EU. more like this
tabling member constituency West Bromwich East more like this
tabling member printed
Tom Watson more like this
uin 69304 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-31more like thismore than 2017-03-31
answer text <p>We regularly engage with local authorities to discuss their role in growing the digital economy. This includes our investment of £200 million to fund locally-led projects across the UK to leverage local and commercial investment in full fibre. This builds on the relationship BDUK developed with the Superfast, and Connected Cities projects. We are continuing this close partnership with local authorities across the UK to develop our approach to this full fibre investment.</p><p> </p><p>At Budget 2016 Government announced reductions in business rates worth almost £9 billion over the next 5 years. This included permanently doubling Small Business Rate Relief and extending the thresholds of the relief to ensure that 600,000 businesses will not pay business rates again.</p><p> </p><p>Furthermore, at Spring Budget we announced an additional business rates package providing £435m of further support for businesses facing significant increases in bills in England. This includes:</p><p> </p><p>· support for small businesses losing Small Business Rate Relief to limit increases in their bills to £600 each year</p><p> </p><p>· providing English local authorities with £300m of funding to support to allow them to provide support to individual hard cases in their local area.</p><p> </p><p>We have awarded Manchester, Leeds, and Sheffield councils over £11m of grant funding in March 2016 to establish and develop new work space, business incubation and other services for entrepreneurs and small and medium-sized businesses based in the North of England whose ambitions and business models rely on digital technologies and their applications. We regularly meet to discuss progress with these projects.</p><p> </p><p>We recently published the Digital strategy which set a clear vision to make the UK the best place in the world to start a digital business, building on our commitment to back our economic strengths as we leave the EU.</p>
answering member constituency West Suffolk more like this
answering member printed Matt Hancock more like this
grouped question UIN
69302 more like this
69303 more like this
question first answered
less than 2017-03-31T10:27:13.317Zmore like thismore than 2017-03-31T10:27:13.317Z
answering member
4070
label Biography information for Matt Hancock more like this
tabling member
1463
label Biography information for Lord Watson of Wyre Forest more like this