More vacant shops and other commercial premises will be
transformed as councils use new powers to revitalise high streets
across the country.
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Eight more councils to breathe life back into high streets by
signing up to tackle scourge of vacant shops
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High Street Rental Auctions let councils auction off leases
for empty commercial properties
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Bringing businesses back to high streets and driving growth
across country as part of Plan for
Change milestone to kickstart local economic growth
More vacant shops and other commercial premises will be
transformed as councils use new powers to revitalise high streets
across the country, delivering on the government's Plan for Change growth
mission and supporting local communities.
Eight more local authorities have committed to implement High
Street Rental Auction (HSRA) powers as the latest wave of Early
Adopters, setting an example for other councils.
These are Barnsley Metropolitan Borough Council, Broxtowe Borough
Council, Camden London Borough Council, Hillingdon London Borough
Council, Lichfield District Council, North Northamptonshire
Council, North Somerset Council and Westminster City
Council.
High Street Rental Auctions, introduced at the end of last year,
give local councils the power to auction off leases for
commercial properties that have been empty for long periods,
helping bring business back to the high street and drive growth
across the country.
This brings the total number of councils trailing the scheme to
11 – with Bassetlaw, Darlington and Mansfield councils becoming
Early Adopters in November.
Minister of State for Local Growth and Building Safety
said:
We're bringing shops and shoppers back to the high street,
boosting trade, creating jobs, supporting our communities and
driving local growth through our game changing High Street Rental
Auction rollout.
I am delighted that eight more councils have become Early
Adopters of these new powers, acting as leading lights for other
local authorities. “We are committed to growing the
economy and improving opportunities for people across the country
through our Plan for Change, and
thriving high streets have a key role to play.
Small Business Minister said:
We promised to lift the shutters on the country's high streets
and that's exactly what's happening across these local
authorities today.
We know that small businesses are the drivers of our economy,
which is why we're working hard to boost exports and tackle late
payments, and HRSAs are another crucial tool to support SMEs,
increase jobs and go for growth.
HSRAs allow councils to put properties up for auction that have
been empty for more than 365 days in a 24-month period, for a
one-to-five year lease, reinvigorating town centres and giving
local businesses the backing they need to thrive.
Over £1 million of funding has been provided to support the
rollout of HSRAs and the government looks forward to more
councils delivering with the powers.
It forms part of the government's wider commitment to support
high streets and small businesses, in line with its work to drive
economic growth in all parts of the country and break down
barriers to opportunity.
Supporting small businesses is at the heart of this government's
growth mission, and plans are underway to unleash the potential
of small businesses all around the country. A new Small Business
Strategy will be published later this year.