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Get Prepared for Making Tax Digital for VAT

17 Jan 2022

Thereis now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system.... Read more…

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11 Jan 2022

Applicationsfor the Government's latest additional incentive payment of £3,000 opentoday (11 January 2022) for employers who have hired an apprentice(s) over the winter.
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2022 Valentine's Day Toolkit

11 Jan 2022

The Greeting Card Association (GCA) have created the 2022 Valentines Day Toolkit full of resources to help retailers promote Valentine's Day in their stores and online.
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Attract cyclists to your business by offering secure on-site bike parking with HUDJO

6 Jan 2022

Research shows 45% of people are unwilling to use a bike if there is no secure parking at their destination. HUDJO fixes this problem by encouragingcyclists to hop on their bike and cycle... Read more…

'Renewed optimism' for UK high streets as demand for retail property rises

6 Jan 2022

A rising demand for retail property to be used for leisure and hospitality businesses has given "renewed optimism" for some UK high streets and shopping districts, according to industry... Read more…

What were the best social media posts of 2021?

5 Jan 2022

Maybe* have rounded up the best social media posts of 2021 so you can take those lesson into 2022 and hit the ground running!
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When do you want Local Bike Shop Day 2022?

16 Dec 2021

As a member of the cycling trade we want your opinion on what date Local Bike Shop Day should fall within the May Bank Holiday, and how you'd like to celebrate it!
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Introducing HUDJO - The app connecting cyclists to secure bike parking locations

16 Dec 2021

You can be a HUDJO host by using any existing secure space on your business premises. By keeping bikes secure you generate additional income and give people more reason to visit you.
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Mental Health at Christmas: Some Tips for Coping

10 Dec 2021

Take a look at this infographic which aims to visually present the scale of negative mental health issues faced by some people in the UK during this time of year, as well as some ways to protect... Read more…

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'Renewed optimism' for UK high streets as demand for retail property rises

Posted on in Business News, Cycles News, Creative News, Outdoor News

Retaihigh streetl Gazette has reported that a rising demand for retail property to be used for leisure and hospitality businesses has given "renewed optimism" for some UK high streets and shopping districts, according to industry experts.

The pressure from lockdown measures saw vacancy rates across shopping destinations hit record highs in the second quarter of 2021, with just over 14% of high street store locations remaining empty during the quarter.

Shopping centres fared even worse, with vacancy levels sitting just under 20%.

Vacancy rates began to level out in the third quarter however, following a surge in interest from firms outside of traditional retail.

The collapse of major brands such as Debenhams and Topshop owner Arcadia at the end of 2020 saw the number of empty sites soar, placing increasing pressure on landlords.

As a result, many property owners have become more flexible and are offering stronger rates in order to attract new brands and businesses.

Chief executive of Retail Economics, Richard Lim, told PA news that potential tenants are "getting the best terms they will have seen for many years".

"You can't help but see renewed optimism when strong retailers are getting plenty of opportunities and landlords are working really hard to ensure their proposition is really relevant," he said.

"There has been a shift in power away from landlords somewhat back towards the retailers and hospitality."

Hugh Knowles, managing director of indoor mini-golf operator Puttshack UK, said the "increased availability" of larger units in attractive locations has also helped the growth of the leisure sector.

"Finding ‘large box' space traditionally hasn't been easy in prior years," he said. "But the increased availability more recently has amplified innovation and as a result we've seen an increase in social entertainment business.

"Customers' expectations will naturally rise, so it's great that retail and leisure can share spaces in well thought out, designed schemes."

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