Bira (British Independent Retailers Association) has welcomed the Government’s £319 million investment in high street revitalisation, but said “we need to see wholesale reform”.
The Association warned that without reform of business rates and action on overseas imports, many high street businesses will continue to struggle.
CEO of Bira, Andrew Goodacre, said: “We are pleased to see more funds being made available for high street revitalisation. We hope that the High Streets Innovation Partnerships are given the resources and the local leadership needed to truly bring high streets back to life. It will be important for this new initiative to engage meaningfully with the businesses on those high streets – they are the ones who understand what their communities need.”
The funding, announced by the Ministry of Housing, Communities and Local Government as part of its Pride in Place strategy, includes a £301 million commitment to High Streets Innovation Partnerships designed to help communities reimagine and regenerate struggling town centres, with a further £18 million earmarked to provide or upgrade playgrounds in 66 of the most deprived communities across the country.
“Whilst we will always welcome extra investment in our high streets,” Mr Goodacre added. “The harsh reality is that for many high street businesses, the costs of running a shop are crippling any chance of long-term success. If high streets are to be fully revitalised, we need to see wholesale reform of business rates and decisive action to reduce the unfair competition from overseas imports. Imposing a handling fee on low-value imports could help level the playing field – and the revenue raised could be used to reform business rates once and for all.”
In its first phase, the Pride in Place strategy also includes plans for communities to receive £20 million over 10 years to spend on local priorities, alongside five pilot projects testing a new model of pooled public spending – bringing together councils, the NHS and schools to tackle shared challenges rather than operating in silos. If successful, the government intends to roll this model out nationwide.
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