Today the Government revealed the names of the 12 towns that have secured a share of £1.2million funding in the first round of the Portas Pilots scheme. Helen Dickinson, Head of UK Retail at KPMG, discusses what the outlook is for those that did not make the cut.
“The Portas Review is to be congratulated for galvanising so many local communities to create an improvement plan for their High Street. For the lucky 12 that won a golden ticket, work can now begin to put their plans into action.
“But what now for the other high streets across Britain, who face the same challenges, but without funding and without help? While unsuccessful bidders will automatically be considered for the next 15 places released on the Portas Pilots scheme, communities must not pin their long term hopes for their high street on securing funding second time around.
via Some British high streets may simply not survive, says KPMG | The Retail Bulletin, Retail News.
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