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Shop occupancy rates improve despite cost-of-living crisis

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.
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Bike Europe has reported Halfords’ financial statement demonstrating that cycling sales have dropped to pre-covid levels.

18 Jan 2023

The article reports that, in 2021, Halfords saw its annual cycling sales double and stocks dry up. However, by the middle of 2022, it says, warning signs were appearing as inflation and supply... Read more…

Seaside town bucks the trend with indie retail thriving

16 Jan 2023

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.
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Indie bookshop numbers hit 10-year high in 2022 defying tough retail climate

16 Jan 2023

The number of independent bookshops in the UK and Ireland climbed to a 10-year high in 2022, as the book trade defied the odds in an otherwise tough year for high street retailers.
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New King’s banknotes to enter circulation by mid-2024

12 Jan 2023

New banknotes featuring King Charles are to enter circulation by mid-2024. The King’s portrait will appear on four polymer banknotes (£5, £10, £20, and £50).... Read more…

Government scales back energy bill support for businesses

12 Jan 2023

The government has announced it is to scale back support for businesses and their energy bills after warning that the current level of help was too expensive.
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Sector expertise and user experience counts when it comes to retail finance

10 Jan 2023

With retail finance schemes remaining a preferable route for retailers to boost sales during recession than the financial hit required by heavy product discounting, the Association of Cycle... Read more…

Portugal becomes first EU country to cut VAT on bicycle purchases this year

10 Jan 2023

Portugal has become the first EU country to cut VAT on bicycle purchases this year, from 23% to 6%.
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One in three responds to Big Bike Revival to use bike for one in two journeys previously taken by car

9 Jan 2023

Cycling UK says that its Big Bike Revival programme, which encourages people to get unused bikes out of their garages and sheds and start using them for everyday trips, has led to a third of... Read more…

Busiest year yet for TfL’s cycle hire scheme

9 Jan 2023

Transport for London’s (TfL) cycle hire scheme saw more bikes hired during 2022 than any other year in the scheme’s history, with 11.5 million rentals across the year.
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Indie Retailers in York to get funding boost from City Council

Posted on in Business News, Cycles News

Groups of independent retailers in York are to receive a £25,000 funding boost to help with promotion during the Christmas trading period and to attract more customers in 2023.

York High Street

Traders’ associations and groups in Acomb, Goodramgate, Haxby and Wigginton, and Bishy Road will benefit from the funding pot to drive inclusive growth in the city’s small and ‘micro’ business sector.

The financial support comes from City of York Council’s Independent Retail Fund and follows previous funds provided by the council to help local businesses continue recovering from the pandemic. Since the start of the pandemic, the council has focused on supporting the city’s small and independent sector, in total allocating over £9m in discretionary and local funding alongside advice and other support.

This latest funding will support retailers’ efforts to attract shoppers during the 2022 festive season and at Easter in 2023. This will include Christmas markets and Christmas lights displays, small music festivals and Easter-related celebrations.

City of York Council’s Executive Member for Economy and Strategic Planning, Ashley Mason, commented:

“York’s vibrant small and independent business sector is the backbone of our city’s economy. They have had to weather some extremely difficult times over the last few years and the Council has done as much as possible to provide support throughout it.

“This latest set of funding will support our retailers’ efforts over the coming festive season and support them as they continue to grow and adapt.”

“There are some very exciting plans in store by traders across the city, so I would urge residents and visitors to support our businesses and shop local. Christmas particularly is a great time to support our local businesses by purchasing unique gifts and local produce.”

The project is one of eight key, one-off projects to support inclusive growth in York.

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