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CBI report suggests measures to improve British high streets | 27 September 2013

A host of measures to help reduce Britain’s shop vacancy rate have been recommended by The Confederation of British Industry (CBI).

In a report written in co-operation with built asset consultancy EC Harris, it was suggested that firms moving into empty office space should be given a twelve month holiday on business rates.

The report’s authors called for new laws that made it easier to convert unused commercial properties into residential homes.

According to cnplus.co.uk, it was also claimed that the public sector balance sheet should be used to fund new prime commercial property projects.

In an interview with consultant-news.com, CBI chief policy director Katja Hall said that the high street needed to be reinvented in order to thrive once again.

She explained: “Too many grand regeneration projects of the past have failed to deliver and public money has been wasted. We want to ensure growth reaches all parts of the UK and that means co-ordinated action to rejuvenate our towns and cities.

“Thriving local communities need good amenities on their doorstep, ranging from decent housing, good leisure and public services, and most importantly – jobs. For businesses to invest, good transport links and modern office space are a must.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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