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PRIVACY
Retail & Consumer

FSB report shows current state of Welsh towns and high streets

The Federation of Small Businesses has published a report which says only 3% of people in Wales believe their town centre is thriving

Many town centre businesses have viewed car parking as a barrier to their success (Image: Richard Williams)

Only 3% of people in Wales believe their town centre to be thriving, a report on the current state of Welsh towns and high streets has revealed.

The report, published by the Federation of Small Businesses (FSB), outlines the challenges towns have faced in recent years.

Informed by FSB small businesses and the members of the public, it reported that 67% of people described their town centres as ‘bleak’ or ‘bad’.

The report also stated that outside challenges for towns and SMEs, such as the shift to online retail by consumers and the rise of out of town developments, have been exacerbated by the pandemic.

However, many town centre businesses viewed car parking as a barrier to their success and that business rates were an unfair charge that hindered their viability.

While 65% of small businesses have seen a reduction in consumer demand over recent months.

Despite efforts by the Welsh government to support towns through targeted regeneration investment programmes, 46% of people felt unsatisfied with the actions policy makers have taken to improve their town centre.

Thriving small independent shops were ranked as the highest priority for the future of their town centre by people.