High streets are a crucial part of our communities. The Government is determined to see our high streets thriving, both now and in the future. We want to see vibrant hubs where people live, shop, use services, and spend their leisure time.
This is why we have announced that the Department will launch a call for evidence over the summer looking at the future of our high streets. We are establishing an expert panel of industry leaders to draw on their experience and expertise to diagnose the issues currently affecting our high streets, and advise on the best long-term approach to help their revival.
In the last 12 months, 51,504 businesses on UK high street closed. Over the same period, 42,166 new business units opened. This is based on Local Data Company Data, which looks at openings and closures of individual units rather than businesses. We do not currently hold data on business closures.