To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an assessment of the effectiveness of the Levelling-Up and Regeneration Act 2023 to initiate high street rental auctions; and what steps he has taken to support local authorities to use these powers.

The framework of the High Street Rental Auction policy is set out in the Levelling Up and Regeneration Act 2023, which is now law, however many aspects need to be defined by secondary legislation before local authorities can begin to use the power. The Government is working to introduce the associated statutory instruments.

We recognise the resource constraints faced by local authorities and have considered how the burden on local authorities can be reduced. We are providing up to £2 million of financial support to make sure that areas which need this the most are not priced out by prohibitive refurbishment costs to bring the properties up to standard. We will also publish guidance for local authorities and relevant stakeholders to support them in implementing High Street Rental Auctions.