START UP STREET

WALLACE AREA FORUM

24th November 2011

SUMMARY

Background to high street issues

Examples of drivers of change, But Only Some!!

Potential future – Diversity of offer

Stirling (Not all bad news)

King Street (A pocket of concern)

Start Up Street (opportunities and barriers)

Start Up Street Programme

HIGH STREET ISSUES

UK High

Stre

et

face

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e clo

sure

s

as re

tail s

ales s

lide

The

Gau

ardia

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Britain's Clone

Towns

The Independent 2010

UK High Street faces more than 26,500 shop closures by 2015 (BDO) The Telegraph 2010

More than 50% of UK

Adults now shop online

Internet retailing 2010

15,400 Fashion Shops2,300 Bar + Restaurants1,500 Furnishing Retailers

KEY DRIVERS OF CHANGE – Only Examples

• Planning + Transport constraints

Speed of Access

Additional Costs

• Property costs

Upward Only Rent Reviews

Business Rates revaluation

• Increased regulation

“Regulation has a disproportional impact on the profitability and longevity of Small Business” (FSB)

• Increased choice i.e. Internet, Catalogues, Home Delivery

• Changes in working patterns

• Change in demographics

• Access to competition increased

DIVERSITY OF THE OFFER

In the future town centres may need to evolve and their role might not necessarily be retail led, with a greater consideration on the other uses identified within SPP such as leisure, entertainment, residential, business, cultural and community uses.

The focus should be on promoting the individuality of centres in order to provide a unique selling point capable of competing with the often bland nature of many other locations.

GVA Grumley

Scottish Town Centres, Nov 2011

Stirling Vacancy Rates

Retail Ranking+

ATCM – Springboard Vacancy Rate Survey % Vacant ground floor units

Stirling 7.2%

Scotland 9.6%

National (UK) 11.1%

% That are Independents

Stirling 40%

Scotland 59.0%

National(UK) 44.6%

Survey Date: October 2011

VENUE SCORE 2011 (SCOTLAND RANKING)

1- 5 6 - 8 9 - 10 11 - 12

Glasgow Stirling East Kilbride KIrkcaldy

Edinburgh Inverness Ayr Dunfermline

Aberdeen Perth Falkirk

Livingston Paisley

Dundee Greenock

Kilmarnock

Dumfries

Glenrothes

Cumbernauld

Irvine

CITY CENTRE MANAGEMENT

BREAKDOWN OF SHOPS PER STREET & VACANCIES THEREIN

AT 30th September 2011

A POCKET OF CONCERN

Area No. of Retail Units

No. of Vacant Retail Units

% of Street Vacant

Street as % of Town

Vacancies

3 Month Change

6 Month Change

Allan Park 10 0 0% 0.0%Arcade 25 4 16% 0.8%Back Walk 1 0 0% 0.0%Baker Street 27 4 15% 0.8%Barnton Street 52 1 2% 0.2%Bow Street 1 0 0% 0.0%Broad Street 9 2 22% 0.4%Corn Exchange 2 0 0% 0.0%Cowane Street 16 2 13% 0.4%Dumbarton Road 9 2 22% 0.4%Friar Street 21 0 0% 0.0%King Street 33 8 24% 1.7%Lower Bridge Street 5 0 0% 0.0%Maxwell Place 10 0 0% 0.0%Melville Terrace 3 0 0% 0.0%Murray Place 44 3 7% 0.6%Pitt Terrace 10 0 0% 0.0%Port Street 46 2 4% 0.4%Queen Street 2 0 0% 0.0%Spittal Street 6 0 0% 0.0%St Marys 3 0 0% 0.0%Upper Craigs 27 0 0% 0.0%Viewfield Place 12 0 0% 0.0%Viewfield Street 4 0 0% 0.0%Sub Total: 378 28 7% 5.9% 0 0

Thistle Centre 56 2 4% 0.4%Thistle Marches 40 4 10% 0.8%Sub Total: 96 6 6% 1.3% 0 0

TOTALS: 472 34 7% 7.2% 0 0

CONCERNS EVIDENCED

• Visioning Exercise (LDP)

• City Game

• UIB

• Lynn Jones Research

• Resident Survey

• Investors

• Businesses

START UP STREET

OPPORTUNITIES

• Vacant space

• Create a better environment

• Stimulate a sense to place

• Avoiding waste of assets

• Achieving direct outcomes

• Experimentation

• Civic pride

BARRIERS

• Access to landlords/rents

• Business rate relief

• Bureaucracy

• Change of use

• Legal delays

• Grant dependent culture

• Funding to develop

START UP STREET PROGRAMME1. We will brand the project

2. We will meet key project champions to ‘scope’ the project

3. Set up the google map and icon set (internal, embed on holding site)

4. Workshop with key stakeholders and existing groups we know of/in project (map assets physically)

5. Produce working asset map (physical document) of creative businesses needing space

6. Produce asset video and documentation

7. Develop asset map, potential ideas of how it can be used

8. Look at different leases and utilise asset map for supporters/skills etc.

9. Shop front open day and sign up sheet. Prototyping in some of the spaces what they might look like, operate, run, do

10. Hold a dragons den pitching event for stakeholders/supporters to meet potential occupiers

11. Prototyping

12. Supporting shop occupiers to ‘opening’ stage

13. Mini pilot: support one user group through the process of running a ‘shop’

14. Refection on how it worked, what could be better in a workshop with shop owners. Bringing in how asset map could be use to support shops

15. Blueprint the what/who/where/when of King street operating as an innovation corridor and produce blueprint document