Also in the Budget are promises to provide more affordable homes, and to consult on proposals allowing shops to change into homes, and agricultural use to change to residential.
The British Property Federation said it was keen to see more detail.
Chief executive Liz Peace said: “Retail to residential conversions could be an important step in breathing life into our high streets, and we would very much encourage a flexible approach, particularly in areas with increasingly obsolescent retail stock that is unlikely to be brought back into retail use.
“We welcome the proposal to consult further on change of use from agricultural to residential. It’s crucial that the countryside remains a place of growth, industry and business rather than an enclave of the retired and wealthy.”
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Comments
Good Plan - But isn't part of the High Street problem that shopkeepers have to find upwards of £100 each week before they open the door just to pay business rates - unless, of course, they are Charity shops or online retailers ....
Could bring back some city centre living? Nice to mix some independent shops in there too. Make a change from big chains....