£160m to put Post Offices at heart of communities

Post Office fascia

The Government has announced £160m of funding to support Post Office branches serving smaller, often rural, remote or urban deprived communities.

The cash is part of a £370m investment to enable the Post Office to continue to grow and modernise its network and services.

The news comes as recently-published accounts reveal a profit of £13m for the business – it’s first in 16 years.

Business Secretary Greg Clark said: “The Post Office is at the heart of communities across the UK, with millions of customers and small businesses relying on their local branch every day to access a wide range of important services.

“With the network at its most stable in decades, this £370m of government funding will ensure it can continue to modernise and bring more benefits to customers across the UK.”

The value of Post Offices to customers was highlighted in the 2017 Community Barometer from the Association of Convenience Stores, which surveyed UK consumers and local councillors. This revealed that Post Offices were voted to have “the most positive impact locally on a community”.