A MAJOR uplift is on the horizon for small businesses on South Coast high streets.
The Federation of Small Businesses (FSB) has proposed a new set of measures to boost local growth and trade.
Unveiled on August 5, it is encouraging a package of initiatives including mobile phone-based loyalty schemes, facilitation of pop-ups and temporary use initiatives for start-ups, and improved public facilities.
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The FSB suggests local authorities establish a fund to support these ventures.
The measures form part of a new FSB report, the Future of the High Street, which follows a comprehensive survey of small firms.
More than 60 per cent of local small to medium-sized enterprises (SMEs) indicated that a diverse selection of businesses is key to the long-term survival of their high street.
Since the outbreak of the Covid-19 pandemic, the South Coast's local businesses have experienced numerous closures.
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Retail stores, hospitality venues, and banks appear to be the primary casualties.
The FSB emphasises the importance of accessible, modern, and well-maintained public toilets, as well as family-friendly services like creche facilities on high streets.
The provision of such facilities will encourage visitors to extend their stay, increasing footfall and supporting the local economy.
The issue of business rates also rears its head in the report.
Currently, the Small Business Rate Relief (SBRR) is a crucial lifeline to many independent businesses.
In fact, the survey discovered that just under half would not survive without it.
The FSB suggests that boosting the SBRR threshold from a rateable value of £12,000 to £25,000 would ensure the continued growth and success of small firms.
South Coast small businesses and their loyal customers alike will no doubt welcome the plans.
The proposed measures offer encouragement during these tough times, ensuring local high streets don't just survive, but thrive.
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