Tuesday, 14 April 2009

UK shop closure hotspots revealed

Link to the article: Channel 4 News

Last Modified: 14 Apr 2009
By: Darshna Soni

As the government announces new funding to turn empty shops into art galleries, cafes or advice centres, we visit Alfreton Road in Nottingham.

The scheme is attempting to stop the recession turning high streets into crime-ridden ghost towns.

As the recession takes hold, Britain's high streets are increasingly affected, as '"to let' signs replace the latest fashions in shop fronts.

Channel 4 News has seen new figures from the business research company Experian, which predict that in some areas of the country up to 80 per cent of the floor space is now vacant.