The Federation of Small Businesses (FSB) has unveiled a groundbreaking initiative aimed at revitalizing high streets across the UK. This ambitious plan goes beyond mere beautification, aiming to transform these areas into vibrant hubs that drive economic growth, foster social interaction, and promote job creation. Recognizing that nearly half of small tourism and hospitality businesses operate on or near these high streets, the FSB is determined to unlock their full potential.
The FSB’s blueprint, titled “The Future of the High Street,” presents a practical roadmap for revitalization. A key component of this plan involves the creation of affordable commercial spaces to attract new, innovative businesses and fill vacant properties. These spaces will provide a platform for small enterprises to flourish, contributing to a diverse and thriving local economy.
The FSB also recommends that local authorities establish dedicated funds to support pop-up markets, temporary retail spaces, and community-driven projects. This initiative would offer emerging businesses a stepping stone to gain a foothold on the high street while injecting vibrancy into the area.
In a bid to showcase UK high streets as must-visit destinations for international tourists, the FSB is advocating for collaboration between the Department of Culture, Media and Sport, VisitBritain, VisitEngland, and local visitor economy partnerships. By promoting lesser-known regions, this initiative aims to drive tourism beyond the usual hotspots, unlocking economic potential across the UK.
The importance of revitalizing high streets is evident in the UK’s tourism figures. In 2023, the UK welcomed 38 million international visitors, generating £31.1 billion in revenue. While visitor numbers remain slightly below pre-pandemic levels, the FSB believes that revitalizing high streets can be the catalyst needed to boost tourism and support local businesses.
By reimagining high streets as cultural and economic centers, the FSB’s initiative offers a fresh approach to attracting tourists and fostering growth. This comprehensive strategy aims to ensure that high streets remain at the heart of vibrant communities across the UK, contributing to a more prosperous and engaging future.
