Changing shopping habits, and a challenging economic environment, have hit the UK high street hard. Many retail businesses of all sizes are struggling, and more and more vacant units have appeared in shopping centres.
Empty shops don’t just affect their immediate location, they also have an impact on the wider economic health of an area, on businesses and jobs.
They can also lead to levels of crime and anti-social behaviour and a feeling of disengagement from retail centres among local people.
A shopping centre owner struggling to let a unit at the market rate may benefit financially from the charitable use of the space.