Home / Knowledge / News / Retail / Fewer retail units key to saving high street: UK report

Fewer retail units key to saving high street: UK report

Feb '19
Fewer retail units key to saving high street: UK report
Internet is not the primary reason for today’s struggling high streets, according to a new report by Centre for Cities, a think tank dedicated to improving the performance of UK city economies, which suggested more support for councils to shift city centre economies away from an over-reliance on retail. It refutes the belief that high streets are dying.

The report, titled ‘The City Centres: Past, Present and Future’, found that focusing on the struggles of certain high streets ignores the success of well-performing city centres, and that the ‘core’ problem of insufficient footfall in city centres was actually due to a lack of skilled jobs. The report is a result of mapping of UK cities with the strongest city centre economies and identifying their common features by the think tank in partnership with George Capital. Successful city centres featured fewer shops, but were supported by knowledge-based office jobs – such as those in marketing, finance and law – which created a market for restaurants, bars and other leisure activities to thrive on the high street, it found.

The report highlighted how several regional cities, such as Manchester, Birmingham and Liverpool, performed well in the last two decades, thanks to their growing their city centre workforces.

At the other end of the spectrum, Newport, Bradford and Wigan had the most city centre vacancies, thanks to the common characteristic of too many cheap retail units and a lack of quality office space, restaurants, cafes and bars.

Centre for Cities urged the Chancellor to allow city leaders to access the National Productivity Investment Fund – a £23 billion pot first announced in late 2017 aimed at increasing economic growth over the next six years – to invest in their city centres while offering them exemptions from commercial-to-residential conversions to protect valuable office space. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2021

US reaches multi-country agreement on Digital Services Taxes

The US has reached an agreement with Austria, France, Italy, Spain...

A portion of globe showing location of Myanmar in Asia. Pic: commons.wikimedia.org/ Valegos Mangenuit

Textiles | On 27th Oct 2021

Myanmar heading towards economic crisis

The southeast Asian nation of Myanmar, which saw military junta...

Pic: Shutterstock/I Love Coffee dot Today

Apparel/Garments | On 27th Oct 2021

Cambodia’s garment exports up by 11.4% in Jan-Sept 2021

Cambodia exported $8.2417 billion worth garments between January and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

 Natacha Defeche, Edana

Natacha Defeche

Since 1971, EDANA, the International association serving the nonwovens and ...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search