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Bringing our high streets back from the brink: announcement welcomed

Welcoming news that Portsmouth has now been shortlisted for the Government’s ‘Future High Streets’ funding, city MP Stephen Morgan, who has long been campaigning for investment in the city’s shopping areas, said:
“I have long argued that the Government needs to do better, and the council do more, to bring our city’s high streets back from the brink. It’s a big issue affecting Portsmouth’s economy and our city’s communities which hundreds of people and local businesses have raised with me.
Last month we saw Knight & Lee say good bye to Portsmouth. With Debenhams closing, smaller stores in our city are also set to go. The area has already seen 1,600 shop closures in recent years affecting hundreds of local jobs.
I raised Portsmouth concerns in Parliament, lobbied senior Ministers and supported the submission of this bid for essential funding. I’m pleased these actions may be starting to pay off.
Today’s news is a step in the right direction, but investment is long overdue. With our city too often forgotten by Government what we need next is reform of the outdated and broken business rates system, and a government-led strategy to bring all our high streets back to the brink”.
A bid developed by council officers for Fratton and Commercial Road shopping areas has been shortlisted with detailed business cases now required by Government.