·       We are announcing £370 million of funding to secure the future of the UK’s Post Office network, bringing the total amount invested since 2010 to £2 billion.

·       Today 95 per cent of small business customers can access everyday banking services in Post Offices, making it easier for SMEs to do business – a key part of our Industrial Strategy. 

·       The Post Office has moved into profit for the first time in 16 years and branch numbers are the most stable they have been for decades. 

·       Under the last Labour government more than 7,300 post offices closed down across the UK.  While since March 2010, fewer than 300 post offices have closed their doors, meaning that the overall size of the network has stabilised at over 11,600 branches.

Why this matters: 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 £370 million funding will ensure it can continue to modernise and bring further benefits to customers across the UK.