Gloucester City Council has taken a proactive step to combat the rise of empty shops in the city centre by adopting the innovative High Street Rental Auction initiative. This new approach aims to tackle long-standing vacancies by auctioning off leases of unused commercial properties, encouraging new businesses to occupy these spaces.
The High Street Rental Auction is designed to attract entrepreneurs and local businesses by providing them with an affordable and transparent way to lease premises in prime locations. By bringing these empty buildings back into active use, the council hopes to boost foot traffic, stimulate the local economy, and enhance the overall vibrancy of Gloucester’s high streets.
City officials emphasize that this initiative will not only unlock potential for new commercial ventures but also support the sustainability of existing businesses by creating a dynamic and diverse retail environment. The council is committed to revitalizing the urban centre and believes that mobilizing empty properties through lease auctions is a key catalyst in this process.
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As the High Street Rental Auction gains momentum, Gloucester aims to set an example for other cities grappling with similar challenges, demonstrating how innovative solutions can help restore vitality to struggling high streets.