RATES
CUT
Independent traders in the Cathedral Quarter, who
have suffered since the opening of Westfield,
have been given a rates reduction. The Valuation
Office has cut rates by up to 25% in some areas
of the Cathedral Quarter in an attempt to ease
their financial problems.
But the move has come too late for Martin Roper,
who has decided to close two of his three
Scenario fashion boutiques in the Strand,
resulting in the loss of 11 jobs because takings
have slumped dramatically.
He said, "Matters have not improved. It may
pick up but I'm losing money and cannot afford to
take the risk." Terri Reynolds, a member of
the Federation of Small Businesses and owner of
Ruby Shoesday, said, "We are really
grateful. For some people, the saving over a year
will equate to a month's rent." (Source: Derby Evening Telegraph, Dec/07) |
LESS PROFIT
Traders in the Cathedral Quarter said
they made less profit over the Christmas period
than last year. Businesses in the area blame the
drop in trade on the opening of the £340m
Westfield Centre, which boasts nearly 150 shops
and a cinema.
Terri Reynolds, who runs a shoe shop, said she
wants to know what will happen to stores vacated
by retailers moving to the new centre. She said
Cathedral Quarter traders are struggling with
poor sales.
Ms Reynolds explained: "We're trying to get
by on what we're making now which is thousands of
pounds a week less than we were making this time
last year and it only takes a few weeks like that
for you not to be able to pay your bills."
Martin Roper, who is shutting his footwear and
women's wear shops, met the city council leader
Chris Williamson at the Council House, along with
two other shopkeepers from the Cathedral Quarter.
(Source: BBC News, Dec/07) |
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SHOPPING
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As high streets are decimated by the
recession, fake business facades have been installed to
create the illusion that shops are still occupied. North
Tyneside Council is trialling the new window treatment
that at first glance gives the impression that units are
occupied. The crumbling facade of the vacant Select
clothing store in the centre of Whitley Bay has been
smartened up with the design treatment, which gives the
impression of a high-quality delicatessen. The same
approach is being considered for empty premises in North
Shields and Wallsend.
The graphic designs, which feature a range of different
shop types, are either taped inside the windows or
screwed to the fascia so they can be removed and re-used
as required. The designs also features contact
information for anyone wishing to let the property as
well as details for the council's business support
services. The scheme is the latest initiative by the
Retail Centres Task Group, which has been set up by North
Tyneside Council, to bring together representatives of
all the town centres with key agencies to support
shopping centres.
Karen Goldfinch, chairman of Whitley Bay Chamber of
Trade, said, "This makes a great difference to our
high street - it looks tidy and professional. It's an
excellent way of promoting how a unit can be used, making
you think about it in a different way to what you've been
used to seeing, perhaps inspiring new businesses to come
into the town. I believe this is the first treatment of
this kind to empty shops, not just in this area, but the
whole country, and it's good to think that we are leading
the way forward in this. It is another positive thing for
Whitley Bay. We all have the interests of our town at
heart, and can contribute in different ways."
Judith Wallace, North Tyneside Council's Deputy Mayor,
said, "We need to do whatever we can to support our
businesses and our town centres. The recession has forced
many businesses to bring down their shutters. We need to
ensure that the remaining businesses continue to survive
and that means ensuring our high streets look as
attractive as possible to both shoppers and potential
business investors. This is a simple and cost-effective
approach that keeps the retail unit available for
potential new uses and in the meantime also contributes
to the street scene." (Source: Daily Mail, Mar/10)
Shopkeepers at the Westfield shopping centre
are worried that high business rates could force them to
close. Business rates are a tax calculated on the value
of the shop set by the Valuation Office Agency, which is
a branch of Revenue & Customs. David Middleton, who
owns Toy Planet at the Westfield Centre, said the rates
were 75% higher than he expected. The VOA said it would
listen to the concerns of shopkeepers and consider
whether further reductions in rateable values were
warranted.
Many traders say they have been forced to cut the number
of staff in a bid to save money and smaller, independent
stores could close if the rates are not reduced.
Christopher Matthews, owner of jewellery store Crystal
Chain, said that the rateable value of his business was
set nearly £10,000 higher that the rent he pays every
year.
He said, "The valuation office has set unrealistic
rateable values which are devastating businesses already
struggling for survival. Shops in the new Westfield
centre are paying crippling business rates based on
rateable values, which are way in excess of the actual
rents being paid. I have had to cut the number of staff
in my store down to one person as I cannot afford to keep
anyone else on." (Source: BBC News, Mar/08)
The cost of a campaign to support
independent traders in the wake of the opening of
Westfield was more than £800,000, which the city council
spent on advertising and street improvements. It
announced it was also investing a further £825,000 a
year on rate relief for businesses in the Cathedral
Quarter. A report shows that £863,139 was spent on
directly or indirectly helping small traders in the city.
Council leader Chris Williamson said the figures showed
the authority was committed to helping small businesses
in the city thrive.
The amount includes £30,000 spent on producing vinyl
posters, which have been put up in the former Debenhams
store windows in Victoria Street to promote the Cathedral
Quarter, £7,000 for additional Christmas lights in
Victoria Street, Green Lane, Strand, Bold Lane, Cheapside
and Queen Street and £30,000 on more litter bins in
Strand, Sadler Gate and other areas of the city. A
further £26,000 was used for repainting benches, bins
and posts in Iron Gate, Sadler Gate and Cornmarket.
(Source: Derby Evening Telegraph, Feb/08)
Companies will be able to influence what
improvements are made in the Cathedral Quarter after
voting in favour of the area becoming a Business
Improvement District. Following a month of voting, the
majority of businesses in the area have agreed that the
Cathedral Quarter should have BID status. The campaign
for the Cathedral Quarter to become a BID was launched in
March. Several months of consultation followed to
formulate a business plan, which was formally unveiled in
October.
It highlighted five key objectives, to increase awareness
of the Cathedral Quarter, improve access, extend the
length of stay by visitors, make visitors feel safe and
secure and to increase the amount of external investment.
The plan recommends ideas including seasonal marketing
campaigns and a visitor loyalty scheme, subsidised or
free parking, extension of bus routes and a cleaning
"hit squad". Street wardens to meet and greet
visitors will be introduced to help them feel welcome and
safe.
Business Improvement Districts are part of a Government
strategy to encourage local authorities and business
communities to work together. Under the scheme,
rate-paying businesses have a say on improvements in the
area and pay an extra levy to put them in place. To go
ahead, the plan needed the backing of 50% of the
businesses, which need to hold more than 50% of the
rateable value of those which voted.
The new BID proposals will now go ahead as 84.7% of
participating businesses voted in favour. They also
represented 74% of the rateable value. From March, each
business in the Cathedral Quarter will pay a 1.5% levy on
their rates, meaning the BID should generate more than
£1m for the Cathedral Quarter in its five-year lifetime.
All the improvements paid for through the BID will be in
addition to those already provided by the council.
(Source: Derby Evening Telegraph, Nov/07)
The future of independent retailers in the
city centre is being threatened by the recent opening of
the Westfield Centre. Several shops have had to make
staff redundant and claim they will have to close in a
matter of weeks. They are calling for a rescue package
including a decrease in council rates to help traders
hurt by a drop in business. City council leader Chris
Williamson said they were working with businesses to
raise the profile of the area. He said local traders had
been aware that Westfield was opening for a long time.
However, Westfield managers insist the extra retail
outlets and the increased number of shoppers they would
attract would benefit everyone. Terri Reynolds, who owns
Ruby Shoesday in Victoria Street, said last week her shop
took just £900, compared to nearly £6,000 in the same
week last year. She said, "The day Westfield opened,
we got a letter saying the rates we pay to the council
were going up by £2,500. That means I am paying £20,500
a year in rates and when my takings are falling to £900
a week and I also have a rent bill of £26,000, the sums
don't add up." (Source: BBC News, Nov/07)
Companies
will be able to influence what improvements are made in
Derby's Cathedral Quarter after voting in favour of the
area becoming a Business Improvement District. Following
a month of voting, the majority of businesses in the area
have agreed that the Cathedral Quarter should have BID
status. The campaign for the Cathedral Quarter to become
a BID was launched in March. Several months of
consultation followed to formulate a business plan, which
was formally unveiled in October.
It highlighted five key objectives, to increase awareness
of the Cathedral Quarter, improve access, extend the
length of stay by visitors, make visitors feel safe and
secure and to increase the amount of external investment.
The plan recommends ideas including seasonal marketing
campaigns and a visitor loyalty scheme, subsidised or
free parking, extension of bus routes and a cleaning
"hit squad". Street wardens to meet and greet
visitors will be introduced to help them feel welcome and
safe.
Business Improvement Districts are part of a Government
strategy to encourage local authorities and business
communities to work together. Under the scheme,
rate-paying businesses have a say on improvements in the
area and pay an extra levy to put them in place. To go
ahead, the plan needed the backing of 50% of the
businesses, which need to hold more than 50% of the
rateable value of those which voted.
The new BID proposals will now go ahead as 84.7% of
participating businesses voted in favour. They also
represented 74% of the rateable value. From March, each
business in the Cathedral Quarter will pay a 1.5% levy on
their rates, meaning the BID should generate more than
£1m for the Cathedral Quarter in its five-year lifetime.
All the improvements paid for through the BID will be in
addition to those already provided by the council.
(Source: Derby Evening Telegraph, Nov/07)
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