CEO Update from Helen
Like many of you we were very sorry to see HMV close but would like to reassure you that HMV Curzon remains open. Meanwhile Premier Inn and Bar + Block opened and with 3 other new foodie options opening soon along with a new club, Wimbledon remains a strong town centre. A government committee report was published on 21st February entitled High Streets and town centres in 2030, which we contributed to, making recommendations for how town centres need to adapt to maintain their vitality and importance to the community. We are delighted to see the value of BIDs being highlighted as being integral to the development of high streets and town centres.
Where will the high street be in 2030
The summary of the report is that they believe that “high streets and town centres can survive and thrive by 2030…as activity based community gathering places ….” The committee is calling for a reduction in business rates for retailers in high streets and town centres and encourage Government to assess their proposals of a sales tax, an increase in VAT, an online sales tax and green taxes on deliveries and packaging, providing fast relief to high street retailers.
Alongside this report there is currently a Treasury Committee inquiry into the impact of business rates that I would encourage you to respond to. The closing date for submissions is 2nd April 2019. Respond to the inquiry here.