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94% independent retailers urge government to ‘preserve UK high streets’

10 Nov 2022

A new report by Ankorstore and retail consultant Mary Portas has found that 94% of independent retailers want the government to act in next week’s budget to preserve the UK’s high... Read more…

Celebrate independent shops, artists, makers & small businesses with JUST A CARD - INDIE WEEK 21-25 November 2022 The colourful, independent alternative to Black Friday!

10 Nov 2022

Now in its sixth year, JUST A CARD - INDIE WEEK encourages people to support, value and buy from independents during the crucial Christmas retail period. Many independent businesses are finding... Read more…

bira offers guidance on energy bill relief scheme

9 Nov 2022

bira has been offering guidance to retailers on how to take advantage of the Government’s energy bill relief scheme.
Read more…

Indie retailers – get ready to capitalise on World Cup opportunity

8 Nov 2022

The world’s largest brewer, Budweiser Brewing Group, has suggested that the World Cup, which kicks off in Qatar on November 20th, could see a possible 13.5% increase in off-trade sales,... Read more…

Black Friday consumer spending forecast to drop 50% this year

7 Nov 2022

Figures from research conducted by global marketing agency Wunderman Thompson Commerce suggested consumers are set to spend up to 50% less than usual this Black Friday, November 25th.
Read more…

Cycling Industry News launches annual Market Study

3 Nov 2022

Cycling Industry News’ sixth annual Market Study has today gone live with independent retailers, workshops and mobile mechanics invited to take part by clicking here.
Read more…

More cycle routes would be good for drivers, says AA President

1 Nov 2022

AA President Edmund King has told the Daily Telegraph that more cycle routes would be good for drivers, as encouraging motorists to take fewer journeys by car could cut household fuel... Read more…

Government urged to protect £4 billion worth of active travel investment

31 Oct 2022

Sustrans has announced that it has joined together with other organisations representing active travel, motoring, road safety, the environment and business leaders to urge the UK government to... Read more…

Cautious welcome from business leaders for new PM Sunak

26 Oct 2022

As the economic clouds darken, business leaders have tentatively welcomed the arrival of Rishi Sunak as the country’s new prime minister.
Read more…

Cytech training Scotland Kick-Off on the 27th October at Bike For Good Glasgow in the West End Hub

25 Oct 2022

Glasgow, Scotland - Bike for Good is proud to bring the internationally recognised training and accreditation scheme for bicycle technicians to Scotland for the first time. The first Cytech... Read more…

94% independent retailers urge government to ‘preserve UK high streets’

Posted on in Business News, Cycles News

A new report by Ankorstore and retail consultant Mary Portas has found that 94% of independent retailers want the government to act in next week’s budget to preserve the UK’s high streets.

A total of 97% of independent retailers believe the UK government has not provided enough support as costs increase, according to a new research report, The Future of Independent Retail.

Meanwhile, 74% are calling for the Energy Relief Scheme to be extended beyond March.

If the energy relief scheme isn’t extended, almost half of all independent retailers (42%) said they will either close or consider closing.

quaint street

“We know there is hope for our local high streets post-Covid. Shoppers want to support them and almost half of retailers are positive about 2023,” Portas said. “But – and it’s a big but – the government has to support them.”

Almost half (43%) of independent retailers are hopeful for a successful 2023 and are expecting their revenues and profits to increase next year. Meanwhile, 21% are planning on further investment in the future, and 68% believe that 2023 will be the year of the “15-minute city” believing it to be the future of independent retail in Britain.

Portas added: “The closure of independent retailers would have huge consequences for the communities who depend on these shops – and the social infrastructure they provide. Because shops are about so much more than what is sold.”

With the chancellor set to make his financial statement on 17 November, retailers are united in their call for support.

Over half (55%) say the government should introduce a Covid-style VAT or business rate cut, while a further 53% believe the government should launch a loan scheme to enable independent retailers to tide themselves over during the current difficult periods.

Ankorstore UK general manager, Tarun Gidoomal said: “Retailers can survive and thrive beyond difficult times and often, crisis presents an opportunity to innovate.

“What is clear from our research is that the most successful independent retailers are embracing new technologies or doubling down on customer service.

“Consumers want to support independent retailers and I’m in no doubt that they will do that this winter.

“However, we know our retailers always need to have one eye on the future and the sector is still in need of government support to get them through this crisis, so they can grow their businesses in 2023 and continue to differentiate themselves from big box retailers.”

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