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No-one benefits from premises standing empty…

…so says an article on Sky News, reporting on a subsidised pop-up installation in Birmingham…

With one-in-six shops currently standing empty across the United Kingdom (and another 20 businesses closing every day) – the need for some clever “retail revitalisation” has become quite desperate. For some time now, several dedicated campaigners have championed the cause – more recently the government has also stepped in to assist, with valuable cash subsidies and business support from the local councils level… all the way up to Whitehall.

In Birmingham UK, a group of 12 designers with start-up business No.22 Design has taken advantage of very low rent (subsidised by the local council and Euro funding) to launch their ranges of jewellery – as described in this Sky News video Pop up shops benefit from empty high street

The British Prime Minister has just announced a further £30million boost to aid start-up businesses (a subsidised loan scheme for young entrepreneurs) – and the UK Communities Secretary recently opened another space for pop ups near London’s Victoria Station. Working with StartUp Britain, this Whitehall initiative will host up to 150 small businesses over the next 12 months – within government premises especially fitted out for these temporary retail installations.

Closer to home, the Australian retail property market isn’t suffering nearly as much as the UK experience – and things are not so desperate (thank fully). Commercial real estate agents Savills Australia certainly appreciate the opportunities offered here by pop up shops – Associate Director of Retail Services Michael Di Carlo recently told popUPshops Melbourne :

Savills Retail strongly encourage landlords to consider short term tenants to activate their shops and get some income… this is a good win for both parties as the tenant pays a reduced rent for quick sales and the landlord can still market the space and look for a new tenant at the same time…

 

featured image : No.22 Design, Birmingham

 

 

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