New Post Office Development Fund Proposals Unveiled

Proposals for a new fund to help sub-postmasters and sub-postmistresses diversify and improve their Post Offices have been unveiled.
 

The new fund will aim to provide an opportunity for sub-postmasters and sub-postmistresses to strengthen their businesses and make them sustainable in the long term for the benefit of the communities they serve.

There will be a 12-week consultation on the proposals, which will fulfil a One Wales commitment to reinstate and refocus the Post Office Development Fund.


FUNDING

 

The scheme aims to help sub-postmasters diversify their businesses by providing funding for areas such as:

 

-  business and marketing advice

-  advertising

-  training

-  some set-up costs for new services


The new fund could also pay for physical improvements to Post Office premises which are not funded by Post Office Ltd.

 

The consultation asks for views on the types of improvements that could be funded, e.g. 

 

-  creating better access to the building

-  upgrading computer equipment

-  improving security or providing better signs for the outside of the building

 


CONSULTATION


Comments are also being sought on whether the fund should be targeted at deprived and isolated communities.

 

Consideration will also be given to whether a grant would help provide a distinct social purpose for the community for example support for the last retailer in the village.  

Given the wider remit of the new fund it may be renamed as the Post Office Diversification Fund.

 


The Welsh Assembly Government continues to provide support to post offices through the small business rate relief scheme.

 

The scheme introduced in April 07 substantially improved relief for small post offices in all parts of Wales.

 

A very large number of Post Offices in rural and urban areas are completely exempt from business rates. Initial figures show that over 950 post offices received relief last year worth a total of over £1.25m.


The consultation will end on 30th October 08. The new scheme will open on 1st January 09.

 

 

For further information please visit the Welsh Assembly Government website at: http://new.wales.gov.uk/consultations/currentconsultation/housandcomm/podf/?lang=en