A third of independent High Street shops are now cafes, pubs, restaurants, and takeaways, a major new survey from Simply Business has found.
Source: Simply Business
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<a href="http://www.simplybusiness.co.uk/knowledge/news/2011/06/2011-06-16-hospitality-wins-big-as-Britains-high-streets-evolve/"><img src="http://www.simplybusiness.co.uk/dms/sb/images/shop/full-branded" border="0" alt="Our Changing High Street (Infographic)" width="650" height="1976" > Source: </a><a href="http://www.simplybusiness.co.uk/">Simply Business</a>
The survey, which looked at some 75,000 businesses quoted by Simply Business between 2008 and 2010, also found that hairdressers and beauty salons are beginning to thrive – with the former now the most common type of non-hospitality establishment on the High Street.
But retailers have fared worse, with clothes shops and newsagents showing a marked decline during the period.
Unsurprisingly London remains the country’s foodie heaven – with restaurants now making up 11 per cent of the capital’s High Street businesses.
Meanwhile the South West, Wales, and the North East have well and truly developed a taste for caffeine, with 12 per cent of these areas’ High Streets now accounted for by coffee shops.
Simply Business CEO Jason Stockwood said: “The business climate has clearly been more favourable for some retail businesses than others and this has influenced the make-up of High Streets across the UK.
“While it’s great that food and drink businesses are doing well, it’s worrying to see that certain sectors such as fashion and newsagents are in the decline, with competition from big High Street brands a likely cause.”