Overview

This bill aims to regulate the number of high-cost credit businesses operating from retail premises in England. It does this by creating a new planning use class specifically for such businesses, requiring planning permission for their operation and allowing local authorities to limit their numbers.

Description

The High Cost Credit Services (Retail Premises) Bill introduces a new planning use class (A4) specifically for retail premises providing high-cost credit services. This means that any business wishing to operate from such premises will need to apply for planning permission. Local planning authorities will be required to consider the local demand for such premises when assessing applications. Crucially, local authorities must also set a cap on the total number of high-cost credit businesses allowed to operate within their area. This cap must be taken into account when considering any planning applications for this new use class.

Government Spending

The bill is not expected to directly increase or decrease government spending. The administrative costs associated with implementing the new planning regulations would likely be borne by local authorities within their existing budgets.

Groups Affected

• High-cost credit businesses: These businesses will face increased regulatory hurdles and potential limitations on where they can operate.
• Local planning authorities: They will have a new responsibility for assessing applications and managing the cap on high-cost credit premises in their area.
• Local communities: The bill could affect the number of high-cost credit businesses in their area, potentially influencing local economic activity and potentially reducing access to high-cost credit.

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