In recent times, the plight of the High Street has become an emotive subject. Once considered an integral part of the community, the face of the High Street has changed with the growing economic uncertainty. Shop closures have become a far too familiar sight across the country and more and more fledgling start-ups have taken their business online meaning that this cycle will take some reversing in order to rejuvenate the UK’s flagging High Street scene.
StartUp High Street
One exciting initiative, which was announced yesterday by StartUp Britain, offers to help hundreds of young start-ups desperate for an outlet. In a bid to boost enterprise and retail growth, StartUp High Street, has the backing of the Business Secretary Vince Cable as well as the Enterprise Minister Lord Young.
A pilot store in Richmond called PopUp Britain will open later this month, providing retail space for six new businesses. The initiative has ambitious plans to open shops across the country, giving small start-ups a fantastic opportunity to grow and become a part of their local High Street. Small businesses will be given the chance to test their market base, as well as offered the support that they need to launch their venture.
StartUp High Street, builds upon the recent political interest into how the Government plans to implement certain innovations that were highlighted by last year’s Portas Review into town centres. Debates in parliament have focused on using empty shops to support new businesses, and this is one of the priorities of the industry-led taskforce set up as a response to the Review. The taskforce are looking into ways of encouraging landlords to make vacant retail space available for use, as well as introducing the community right to bid, which in theory would help local people sustain their vital community assets.
With the support of prominent retail entrepreneurs including Sir Charles Dunstone, Luke Johnson and Mary Portas; I sincerely hope this concept will help invigorate the High Street and give hundreds of young businesses a sporting chance.
This blog was provided by the Startup Britain Team. StartUp Britain, StartUp High Street and Pop-Up Britain are all creations of entrepreneur, Emma Jones.