Beyond Retail

#beyondretail
 
  Redefining the shape and purpose of town centres  
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Press Release
Town Centres Should Be Designated As 'Infrastructure' To Open Up Major Funding Streams, 29/11/2013
Media Coverage
29 Nov 2013
> BBC One Breakfast
> BBC News Channel
> BBC Radio 4 Today
> BBC Radio 5Live Business
28 Nov 2013
> BBC News at Ten
 
The scale and impact of the recession on our town centres has been horrific, the most vivid image of this is empty and deteriorating shops, and high streets that have lost their sense of purpose.

The digital revolution continues to shape and re-shape our everyday lives: from the mundane to the extraordinary, the retail sector is not going to ‘return to normal’ this time.

The game has changed. Not least for retailing on our high streets.


Beyond Retail: Redefining the shape and purpose of town centres is the final report from the Distressed Town Centre Property Taskforce, the unprecedented cross-sector industry grouping. For the first time, it identifies the major property-related barriers to the vitality and performance of town and city centres.
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The Taskforce is grateful for the financial contribution towards this project from the Association of Property Lenders (APL), British Council of Shopping Centres (BCSC), British Property Federation (BPF) and the Investment Property Forum (IPF). Further, the Taskforce would like to thank Redwood Consulting for its pro bono communications and PR support, and BCSC for providing secretariat support.
 
Mark Williams,
Chairman, Distressed Town Centre Property Taskforce and Partner, Hark Group:
"Strong local leadership is a pre-requisite for the major repositioning, redevelopment and large scale long-term masterplanning now required to meet the demands of modern communities. The recommendations we lay out today are radical because the challenges are serious and solutions are overdue. Critically, our recommendations offer a clear vision of rejuvenated town and city centres which are fit for the future. Not only places where people can shop but where they live, eat, work and are entertained. We also have clear routes for implementing the recommendations and significant support from key decision makers in the commercial and public sectors."
Edward Cooke,
Director of Policy, BCSC:
"What is clear is that the change we are witnessing in our towns and cities is a result of structural change, not just economic cycles. As such radical solutions are needed to enable the repositioning and redevelopment of many places so they are fit for purpose for the future. All stakeholders have a role to play; individuals, local councils, local and national businesses and central government. We believe these recommendations will deliver the direction and the funding necessary to make this happen."
 
     
 
         
 
Authors
Colliers International
 
Contributors
Association of Chief Estates Surveyors (ACES) APL BCSC British Property Federation (BPF)
British Retail Consortium (BRC) Brockton Capital Gloucestershire LEP GL Hearn Limited
Hark Group Investment Property Forum (IPF) Javelin Group Legal and General Property
Local Government Association Next plc Property Finance Forum West Register (RBS Investment Company)
Redwood Consulting RICS Scottish Widows Investment Partnership Stanhope (RICS)
WH Smith plc      
 
       
 
Observers
Department for Business Innovation and Skills (BIS)
Department for Communities and Local Government (DCLG)
HM Treasury