Altus Group news and archive

Less than 10 percent of government coronavirus support package paid out to retailers

Only 9 percent of the government’s 11 billion pound coronavirus support package has so far been paid out to retailers by local councils, which experts have called “unacceptable”. Small businesses have been allocated around 1 billion pounds as part of the Small Business Grant Fund. Companies eligible for the scheme can receive a one off cash...

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Over 23,000 stores predicted to disappear from the high street in 2019

It looks like 2019 could be another difficult year for UK retail, with more than 23,000 shops forecast to close, resulting in a further 175,000 job losses, according to an annual report from real estate adviser Altus Group. Published on Monday, the findings suggest that 2019 could be even worse than 2018, which saw a drop in independent stores...