SHOP LOCAL: Are the rumoured restrictions set to be eased enough to save local retailers?
1 in 4 businesses are on “borrowed time” and “fighting to survive” - that’s according to a recent survey. 28% of businesses surveyed by My VIP also suggested the first 3-6 months of post-lockdown trading could be spent paying off debt. As business leaders weigh in on high street life after lockdown - what’s next?
In January, a total of 4.6 billion pounds of additional business support was unveiled by the chancellor, including £9,000 top up grants and local restriction funding - but business groups worry the first few months of trading could involve paying back the cash that’s been borrowed.
Whilst Planning applications for new shops has dropped by 22% due to lockdown, many businesses have learned to harness the power of online, and do things differently
Whilst Ocado chairman Stuart Rose has called on the PM to ensure Britain's retail sector stays open for good after lockdown - it’s still unclear exactly when non-essential retail may be able to open its doors. Vaccines Deployment minister Nadhim Zahawi explained decisions need to be driven by data, not dates.
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