Leading the BID industry
POSTED ON: 07/01/2022
We begin the new year with depressing figures for our high streets and shopping centres. December, supposed to be the traditionally busy month for our hospitality and retail, saw a slump in footfall.
Figures from Springboard show footfall down by more than a fifth on 2019 levels, and 24 per cent lower in our shopping centres. The decline in retail parks was at 4.9 per cent. The British Chambers of Commerce echoes this with their separate figures showing the UK’s economic recovery slowed in the final quarter of 2021.
We’ve been speaking to BIDs across the country during this time and it is clear the lack of certainty has been a disaster for many of our centres. There was a lack of clarity around Christmas parties, the use of facemasks, working from home, and this made the situation much worse.
Businesses now have a mighty job on their hands to get punters back through their doors. People working from home will help some of our suburbs but hinder many of our city centres. Inflation and rising energy bills will further increase the pressures they face.
Their BIDs are helping them as they re-begin their path to recovery. And a big thing we need from government in 2022 is clarity. We welcome the ‘balanced and proportionate’ response Boris mentioned in his PMQs, but businesses also need clear messaging - and not at the very last minute.
Here’s to a better year than the last.
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