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Written question asked by Rachael Maskell (Labour) on Thursday, 23 June 2022, in the House of Commons. It was due for an answer on Monday, 27 June 2022. It was answered by Neil O'Brien (Conservative) on Friday, 1 July 2022 on behalf of the Department for Levelling Up, Housing and Communities.

Empty Property: Auctions

Question

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the adequacy of opportunity for local small and medium size enterprises to engage in high street auctions to occupy empty high street units.

Answer

High Street Rental Auctions will seek to increase cooperation between Landlords to make town centre tenancies more accessible and affordable for tenants, including SMEs and community groups


Rental rates reflecting market value achieved through auction will allow a broad spectrum of tenants to occupy town centre properties. In turn this will increase vitality, footfall, pride in place and business growth and encourage diverse mixed-use high streets


We are continuing our engagement with the sector, including with SME representatives, to ensure the process is accessible for all parties and plan to publish further guidance.

Secondary information

Type
Written question
Reference
23756
Session
2022-23
Transferred
Yes
Subjects
Auctions Empty property Small businesses Shops
Link
View this Written question on www.parliament.uk