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A glimmer of hope for local retailers?

Can new business rates reduction schemes offer a lifeline to high street shops, asks Gwen Jones

16 December 2014

It is a well-documented fact that the high street as we know it is continuing to struggle, as larger out-of-town retail parks and outlets dominate the retail sector.

Recent statistics show that almost one in seven shops on the high street remain closed, and while Christmas shopping is in full swing, January will once again result in closure for many more businesses.

We have all seen the campaigns asking consumers to shop locally to try to ‘save’ high street businesses. A number of us may shop at a local Christmas market this December, but the bulk of our expenditure will still go on bigger retailers. The ease of an out-of-town retail park with free parking and the ‘best deals’ offered online still deter us from shopping at our once beloved high street.

High street retail space no longer commands a premium and new businesses cannot aff...

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