British Land's Really Local Stores programme is dedicated to fostering the growth of small businesses, social enterprises, and community organisations. It provides affordable (often free or significantly reduced for the first three months) retail space, expert support, and flexible, simplified leasing terms. Focus is on hyper-local businesses – those sourcing or manufacturing within a 50-mile radius, often much closer.
Launched in 2020 to address retail challenges and support the surge of entrepreneurs during lockdown, Really Local Stores recognises the vital role independent retailers play in enriching retail spaces. They bring unique offerings, activate temporarily available areas, and drive footfall and sales.
This article features two key resources designed to inspire and enable more asset owners and operators to collaborate with local entrepreneurs:
- Report: Really Local Stores. The True Value of Space. This report, featuring research by Quod, explores the commercial, economic, social, and environmental impact of our programme. It also includes the collaborative Retail Ready: Space Guide.
- Guide: Retail Ready: Space Guide. Created with FSB and Curated Makers, this step-by-step guide helps small and micro businesses navigate the process of taking on retail space. It covers key considerations, costs, logistics, and more, drawing on the experiences of Really Local Stores participants and industry experts.
In a challenging retail landscape, small businesses are the backbone of our communities and economy. They bring vibrancy and uniqueness to our towns and cities. Recognising the difficulties they face – from rising costs to evolving consumer habits – we believe providing accessible space is crucial for their success.
Finding suitable commercial space is a significant hurdle for many small businesses. Really Local Stores addresses this by creating pop-up and temporary opportunities, allowing entrepreneurs to establish a physical presence and grow. We believe that initiatives like this are not just the right thing to do, they are essential for a thriving local and national economy.