New levelling up powers to fill empty shops across England
Publication details: Department for Levelling Up, Housing and Communities, 14 May 2024Subject(s): Online resources: Summary: New powers will come into effect this summer to help communities take back control of their high streets and revive empty shops to accelerate regeneration. Where a high street shop has been empty for over a year, High Street Rental Auctions will allow local leaders to step in and auction off a rental lease for up to five years. Auctions will take place with no reserve price, giving local businesses and community groups the opportunity to occupy space on the high street at a competitive market rate.| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | PRESS RELEASE (Browse shelf(Opens below)) | Available |
New powers will come into effect this summer to help communities take back control of their high streets and revive empty shops to accelerate regeneration. Where a high street shop has been empty for over a year, High Street Rental Auctions will allow local leaders to step in and auction off a rental lease for up to five years. Auctions will take place with no reserve price, giving local businesses and community groups the opportunity to occupy space on the high street at a competitive market rate.