|
Trade News Archive August 08 July 08 June 08 May 08 April 08 March 08 February 08 January 08
Subscribe to our newsletter Go to The Wholesaler UK Directory
1st August 2008
London mayor reveals plans to support small retailers
London's mayor has pledged to support small retailers in the capital by launching a plan to force developers to offer affordable shops.
Boris Johnson revealed plans to ask developers to enter into legally binding agreements to provide an agreed number of affordable small shop units whenever they apply to build major retail schemes.
The mayor revealed that the details of the scheme were currently being developed and that the proposals would be brought forward as alterations to the London Plan in the next eight months.
Mr Johnson confirmed that he believed that independent retailers "add real character and diversity to the capital’s high streets".
However, he said they were currently struggling as a result of "competition from supermarkets and rising unsustainable rents".
"My proposals aim to help reverse this trend, offering small retailers the opportunity to make a success of their enterprise both by making more suitable premises available and taking steps to level the playing field by securing affordable rents," he concluded.
However, the British Retail Consortium said Mr Johnson "must answer some key questions" before it would become clear if they scheme "would help smaller retailers".
(c) 2008 Adfero Ltd.
Sponsor of August Trade News
Tilting TV Brackets
Comment on this news story To comment on any story please click on the above link, put the story title in the subject line and please provide your name, trading style ie. retailer or wholesaler and the town where you trade.
|