Small Businesses

Contactless Payment

A new survey has revealed that the number of small firms opening on UK high streets during the first six months of the year was higher than the number of closures.

This marks the first time in four years that more of these businesses have opened on British high streets than they have closed, and it could be indicative of a real shift caused by the Covid-19 pandemic. This has brought about the financial collapse of several large chain outlets, including Debenhams and Topshop, with these being replaced by smaller fast food outlets, barbers and shops.

The Local Data Company carried out this survey and looked at over 550,000 retail units in high streets across the country for it. The results show that many of the units vacated by larger firms that have gone bust are now being occupied by smaller, independent shops. This trend has been boosted by support from landlords with fitting-out expenses and rent during the pandemic.

These firms can get further backing from an accountant for small business in Goole or whichever region they are in, should they need it.

Local Data Company’s Commercial Director, Lucy Stainton, told Small Business that:

“For the first time since the onset of the pandemic, there may be some cause for optimism when it comes to the performance of our high streets.”

Convenience outlets, takeaways, barbers and grocers are the types of small business that are taking the majority of high street spaces. This is being driven by the needs of those working from home.

    Get in touch

    Please fill in the form below to get in touch.

    I am happy for you to contact me