Awards for successful high-street rejuvenation
Seven towns that demonstrated innovative ways of revitalising their high streets have been awarded a share of the £1 million High Street Renewal Award, Local Growth Minister Mark Prisk has announced. Towns recognised by the Award include Altrincham in Greater Manchester, where landlords and retailers worked together to bring empty shops back into use; Rotherham, where support for independent retailers led to increased footfall on the high street; and Gloucester, where support for start up and growing firms resulted in record new business registrations in the area.
Rising food prices impact restaurants’ profit margins
Almost three quarters of restaurants report the rising cost of supplies as the main reason for a hike in menu prices during the past six months, according to research by Livebookings. The research also revealed that 90% of restaurateurs saw food supply costs rise over the past six months, while tighter consumer budgets and staff costs had also impacted menu prices.
Colin Tenwick of Livebookings said “many restaurants operating today are still facing a daily mission to maintain a sustainable profit margin.”