3 Reasons why the future of the high street is local

“It may not feel like it right now but believe us when we say the future of the high street is local. A range of technological developments and economic pressures have pushed many small businesses to the brink. However there are changes ahead which will believe see a reversal of fortunes. Perhaps not in the immediate future but certainly in 5-10yrs, and here’s why.

1. The world population continues to grow. Its estimated there will be around 8.5 billion people on the planet by 2030. We have a finite space in which to live, work and grow the food we need to eat. Already we are seeing projects in many cities where new living spaces are being combined with retail ones. Towns are developing multiple retail areas rather than a single shopping centre. Rising travel costs and environmental concerns mean that unnecessary journeys, retail and otherwise will be out. People are going to spend more time in their local area. Working, leisure and shopping will become much more localised out of necessity.

2. Those out of town retail parks aren’t going to go away but they will change their purpose. If people don’t want to travel then goods and services will come to them. Storage space will be at a premium on the high street so out of town retail parks will become distribution centres for local populations rather than a gathering of shopfronts to visit. Consumers will use the high street or the internet to order from and delivery will be sent from the distribution centre.

3. The personal touch remains important. Despite fears that the up and coming generations will be wedded to digital transactions there is evidence to suggest that the opposite will be the case. People who are ‘born digital’ (the under 25’s and the still to arrive) actively seeking ‘real’ experiences to complement their prodigious online consumption. The internet may be the source of most of their mischief but research has shown that shopping continues and will continue to be a desired social activity. The need for human interaction and physical presence during transactions will still be with us.

There’s no doubt that the shape and look of the high street is going through changes. In the short-term the impact will be seen by closures, downsizing and business re-modelling. But the future for the high street is local, blended and absolutely there for small businesses to thrive in. The time to start thinking about how to leverage these developments is now”

Social Enterprise International

Social Enterprise International

Social Enterprise and FairShares

What is a Social Enterprise

A social enterprise is a company that is set up to earn a profit whilst also providing a benefit to the community built around that business . There are a wide range of Social Enterprises and they come in many forms.

Examples include, local community group, community run shops, local services – any business can be run as a social enterprise it must have in-built a social purpose.

LocoSoco is a Social Enterprise because we give back, we share our profits with our customers and our business partners – like local shops. We also carry out an on-going social audit with Cliff Southcombe of Social Enterprise, A founder and pioneer of the social enterprise movement in the UK and across the globe for over 35 years.

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Led by Women

UK based Social Enterprises

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Based in deprived communities

What is a FairShares company?

A FairShares business is one where the founders, investors, customers and workers earn a fair share of the proceeds from and the amount of value you add is reflected in your reward in shares, income and/or voting. LocoSoco believes that you should own the value that you create and therefore percentages are flexible in these businesses.

As a single customer the value may seem small but as a community you hold a lot.

LocoSoco Group Plc work with FairShares Association which is headed up by Professor Rory-Ridley Duff of Sheffield Hallam University to put the theory into practice.

Partner with LocoSoco today!

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Widnes away to start the eights.

Widnes away to start the eights.

London Broncos continue on their journey this week as the Super 8’s competition starts with a trip to the Halton Stadium home of Widnes Vikings.

With the Broncos clinching second spot in the BetFred Championship on the final day of the season they will now face three away games and four at home to try and secure a place in next season’s Super League.

Widnes Vikings have had a tough season but have made some important signings with the likes of Charlie Gubb and Harrison Hansen now within their ranks. Former Broncos loanees Sam Wilde and Jordan Johnstone are also at the club.

The Broncos hope to continue their run of form which now sees them unbeaten in their last seven matches.

The London Broncos 19 man squad to face Widnes Vikings on Thursday 9th August at 7.45pm

15 – Eddie Battye
23 – Robert Butler
17 – Michael Channing
09 – James Cunningham
13 – Matt Davis
05 – Kieran Dixon
18 – Ben Evans
11 – Daniel Harrison
03 – Ben Hellewell
26 – Daniel Hindmarsh
10 – Mark Ioane
01 – Elliot Kear
30 – Eloi Pelissier
06 – Api Pewhairangi
12 – Jay Pitts
07 – Jarrod Sammut
08 – Tom Spencer
14 – Alex Walker
02 – Rhys Williams

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