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4 Dec 2023

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The British Business Bank has launched a new guide aimed at smaller businesses to help them understand how different financial products can support them at all stages of their development.

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Independent retailers across the UK are set to defy the Black Friday sales frenzy for the third year running, according to a survey conducted by Bira, the British Independent Retailers...

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A focus on independent stores and ‘browse-only’ shops can help to reverse the fortunes of the struggling high street, new research shows.

15 Nov 2023

The British Independent Retailers Association (BIRA), which works with over 6,000 independent businesses of all sizes across the UK, has outlined its expectations from the government...

9 Nov 2023

Cytech has been named as the provider of Best Retailer Services in the 2023 BikeBiz Awards, recognising the positive impact of its service to the cycling industry. More than 25,000 Cytech...

7 Nov 2023

New survey data from Deloitte has shown a seven percentage-point rise in the number of UK consumers - from 19% in 2022 to 26% in 2023 - who intend to spend more in the last three months of 2023,...

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Prime Minister's Funding Injection for Left-Behind Towns Welcomed by Bira

Posted on in Business News

British Independent Retail Association (Bira) acknowledges the Government's investment in towns across the UK.

High street

The British Independent Retailers Association (BIRA), which works with over 6,000 independent businesses of all sizes across the UK, commends the UK Government's commitment to the revitalisation of left-behind towns, putting local communities in charge of over £1 billion for their long-term development.

Prime Minister Rishi Sunak's announcement earlier this week outlined the allocation of £20 million endowment-style funds to 55 towns, distributed over a span of 10 years. This significant funding initiative, known as the "Long-term Plan for Towns," empowers communities to regain control over their future, enabling them to make decisions that best serve the interests of their residents.

The investment is intended to address various local priorities, including the rejuvenation of high streets, the combatting of anti-social behaviour (ASB), the enhancement of transportation networks, and the overall growth of the local economy.

The Long-term Plan for Towns offers the opportunity for selected towns, including six in the North East, ten in the North West, and four in the West Midlands, to develop their own comprehensive plans, backed by a dedicated Towns Board. This UK-wide approach spans across 55 towns, encompassing seven towns in Scotland and four in Wales.

Andrew Goodacre, CEO of Bira, said: "We wholeheartedly welcome the allocation of funds aimed at enhancing towns throughout the United Kingdom. The management and development of local areas are of paramount importance to the retail industry. It is crucial to recognise that independent retail establishments serve as the lifeblood of thriving towns and high streets.

"While we applaud this funding initiative, it is essential that we maintain the safety and accessibility of our high streets. We hope this funding will be utilised to create town centres that remain easily accessible to all, including those who rely on personal vehicles."

He added: "The injection of funds into left-behind towns under the "Long-term Plan for Towns" marks a substantial step toward rejuvenating local economies and reinvigorating community spirits. Bira looks forward to witnessing the positive impact of this investment on towns across the UK."

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