Independent retailer body welcomes extra investment in UK towns

By David Harris in Industry News 6th October 2023

The British Independent Retailers Association (Bira) has welcomed the government’s pledge to invest in 55 towns over the next decade.

Each of the towns would be given a £20m fund for the local councils to spend as they wish on schemes including reviving high streets, tackling anti-social behaviour, improving transport and bolstering the local economy. Total investment would be more than £1bn.

The pledge, which came as part of the government’s plan to scrap part of the HS2 railway line and spend the money saved elsewhere, is called the Long Term Plan for Towns.

Andrew Goodacre, chief executive 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.”

Goodacre added that the extra funding was a “substantial step” in “reinvigorating community spirits”.