Enable Independent IFAs in Bishop’s Stortford were surprised by Nick Boles announcement that disused high street shops, boarded up businesses could be turned into housing.
The plan would be for the Government to give local authorities far greater freedom to convert disused retail premises into homes.
He stated that as more and more shops move to areas outside the town and increasing internet buying has meant that our high street retailers have continued to struggle, he stated that town retailers should keep to just a few prime streets within a town which could mean that the rest could be turned into private housing. He said that he was not abandoning the high streets, and that by creating more homes close by a specific centre in a town would see a boost for our high street retailers.
Helen Dickinson, director general of the British Retail Consortium, said: “We need to see the detail of what is being proposed, but what I would be keen to make sure is that there is a joined up approach to this problem across every Government department, from the Treasury to the Department for Business and the Department for Communities and Local Government.”
There is no more information available at this current time, so we will have to wait and see the exact details of this new proposal.
Issued by: Enable Independent Financial Life Planners 25c North Street, Bishops Stortford, Herts CM23 2LD Telephone: 01279 755950 – Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.