7. What estimate his Department has made of the number of high street store vacancies. (908148)

We have taken significant action to help high streets adapt to changing shopping habits and to thrive. Shop vacancy rates are well down from their peak in 2012 and figures from Savills estate agents show that investment in high street retail property last year was up 17% from the year before.

High streets in my constituency continue to struggle, as they do up and down the country. My local authority does what it can, but the support it can give is limited. It needs Government intervention and support to make the necessary transformation. Will the Minister agree to meet me and other interested colleagues to see what can be done?

I would be delighted to meet the hon. Gentleman. The business rate revaluation will have a positive impact for his constituents, and I discussed the issue of high street regeneration with the chair of his local enterprise partnership, Christine Gaskell, just before Christmas, but I am more than happy to meet him to discuss that. We are also looking at proposals that we are working up with Revo on how we can share best practice, because this is very much a varied picture across the country.

14. Our small market towns are being stripped of their banks: there is no bank now in Caistor, and Market Rasen is down to one. What is the Minister’s policy to try to encourage more competition in the retail banking sector so that we can try to encourage banking in our rural towns? (908155)

This is an important point—the issue has affected my constituency—and one that I am happy to discuss further with the Treasury. The business rate revaluation will have a positive impact on retail property in my hon. Friend’s constituency, as it will across many parts of the north and midlands.