Due to funding pressures and rising demands for statutory services, local government is less able to support its community partners and local businesses with subsidised space within their buildings.
At the same time on our high streets, commercial property is largely held by institutional investors, pension funds, and REITs. Local communities cannot afford to own or rent space. Too much money leaves the local economy, with profit prioritised over local need. The uses that make places healthy, happy and entrepreneurial are being displaced.