Post Office to invest in town centre branch

Photo: MSMP160812-035ow'Post Office, All Saints' Place, Stamford. File picture.
Photo: MSMP160812-035ow'Post Office, All Saints' Place, Stamford. File picture.

Stamford’s main post office branch will get a share of a £70m investment pot as part of a national restructuring scheme.

The Post Office plans to invest the money in 300 of its “crown” branches across the country.

A crown office is one directly managed by the firm. The Post Office has about 370 crown branches across the UK, including in All Saints’ Place, Stamford.

This week the Post Office confirmed that the Stamford crown office was one of the 300 that will receive a share of the money to be spent modernising the office.

As a result customers could be able to open current accounts at the branch. How much will be spent in Stamford has yet to be decided.

Under the plans the 70 remaining crown branches could move into other stores in franchise arrangements.

A Post Office spokesman said: “The Post Office is planning to invest £70m in the remaining 300 Crown branches to modernise and grow services to ensure their long-term viability. This includes Stamford crown post office.

“Proposals are still in progress and the local community will be kept informed as to further developments.”

The proposals do not affect the franchised branch in Ryhall Road.

The All Saints’ Place office was closed on Saturday when staff joined a two-day Communications Workers Union strike.

Employees chose not to continue the strike and went back to work on Tuesday.

The post office in Church Street, Market Deeping, reopened yesterday after the appointment of an interim sub-postmaster. The branch closed on August 5 after the sub-postmaster resigned.

A Post Office spokesman said: “The Post Office is committed to maintaining its presence in communities across the UK, including Market Deeping, and we are working on a permanent solution.”