Gillingham High Street -- Wikipedia

Declining UK high street footfall remains above first lockdown levels

Footfall across UK retail destinations declined by -10.9% last week from the week before, but has managed to stay above levels seen during the first lockdown last year.  According to the latest data from Springboard, the 10% decline was less than half the drop of -27.1% in the previous week. Footfall was -14.6% lower in shopping centres and -11.5% lower in high streets, however in retail parks the drop was less than half this at -5.8%. UK footfall is now 67.5% lower than in the same week of 2020, however,…

Read More
'Closed due to Covid-19 restrictions' sign

Industry slams £4.6bn retail and hospitality relief package

Industry bodies have dismissed the Treasury’s £4.6bn relief package for retail and hospitality businesses as nothing more than a “sticking plaster”. The package, which was unveiled after the government placed England into a third national lockdown, has been criticised for failing to address long-term issues such as rent and business rates. The biggest chunk of the package is a £4bn fund to support an estimated 600,000 retail and hospitality business sites on a “per-property basis”. The one-off top-ups will be granted to closed businesses, with £4,000 for those with a…

Read More
Official portrait of Rishi Sunak

Chancellor unveils £4.6bn in new lockdown grants

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor has announced. The news comes after the prime minister’s announcement that businesses will be closed until at least February half-term in order to help control the spread of Covid-19. This comes in addition to the £1.1bn in further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth up to £3,000 a month and the extension of the furlough scheme The cash is provided on a per-property basis to support…

Read More