Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 32
32
Accepted in Part
We are concerned that the Government’s Build Back Better High Streets strategy does not mention...
Recommendation
We are concerned that the Government’s Build Back Better High Streets strategy does not mention Company Voluntary Arrangements. We recommend that the Government consults stakeholders to determine whether a review of Company Voluntary Arrangements is needed. (Paragraph 138) Supporting our high streets after COVID-19 73
Government response summary AI-generated
The government has tendered for research to determine if commercial landlords are unfairly treated in Company Voluntary Arrangements, the findings of which will inform if a further review is needed.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Accepted in Part
HM Government · verbatim extract
Accepted in Part
The Government continues to believe that Company Voluntary Arrangements are a valuable tool within the Insolvency framework for rescuing businesses across the whole economy. However, recognising the concerns being raised by commercial landlords, the Insolvency Service has recently tendered for research into whether commercial landlords in certain sectors of the economy are unfairly treated in comparison to other creditors in Company Voluntary Arrangements, and how they interact with commercial leases. The findings of this research will inform whether any further review or changes to the framework are necessary.
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