WEYMOUTH & PORTLAND LOCAL DEVELOPMENT FRAMEWORK CORE STRATEGY JUNE 2009 ISSUES PAPER 9: RETAIL KARYN PUNCHARD STRATEGIC PLANNING MANAGER WEYMOUTH AND PORTLAND BOROUGH COUNCIL COUNCIL OFFICES NORTH QUAY WEYMOUTH DT4 8TA (01305) 838335 LDF@weymouth.gov.uk TABLE OF CONTENTS Contents Page 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 1 2 4 10 11 12 13 13 14 16 Introduction Retail Trends Weymouth Town Centre Out of Town Centre Retail Provision Retail Commitments Retailers’ requirements for Weymouth Town Centre Retail Rents Town Centre Management Group Planning Policy Context Credit Crunch and retail Appendices Appendix 1: Retail Commitments Appendix 2: Key Multiple Retailers in Weymouth Appendix 3: Retailer’s requirement for Weymouth Appendix 4: Prime Zone A Retail Rents £ per Sq m (Sq ft) Weymouth and Competing Centres 19 20 21 22 List of charts Chart 1: Shopping centres and retail park completions 17 List of tables Table 1: Retail and service provision in Weymouth by no. of units Table 2: Average Environmental Quality Rating by Area 6 7 1.0 Introduction 1.1 Weymouth is situated 8 miles south of Dorchester and 5 miles north of the Isle of Portland. The A354 road bridge connects Weymouth to Portland, which together form the borough of Weymouth and Portland. Weymouth & Portland Borough sits roughly mid-way between the regional shopping centres of Southampton and Cribbs Causeway, Bristol. The Bournemouth-Poole conurbation to the east of the Borough functions as a sub-regional centre. The administrative boundary of the borough is defined by the sea to the south and the District of West Dorset to the north. The town centres of Weymouth and Dorchester occupy similar niches underneath this regional and sub-regional hierarchy, as evidenced by their comparative prime retail rents and function as sub-regional level town centres performing localised roles to their catchments. However, the two centres have distinct and coherent catchments with 85% of residents in postcode zones DT3 (North Weymouth), DT4 (Weymouth Town) and DT5 (Portland) regarding Weymouth as their main town centre. Postcode DT3 includes Osmington to the east, Bincombe to the north and the combined areas of Chickerell, Potesham and Abbotsbury to the west, all settlements outside Weymouth & Portland Borough and in the adjacent district of West Dorset. The cross-boundary nature of the Weymouth retail catchment reflects the arbitrary position of current administrative parts of the suburbs of western Weymouth part of Chickerell Parish in West Dorset District. It is estimated that over 50,000 people live within 10km of Weymouth town centre and over 120,000 within 20km of the centre. 1.2 Weymouth, ranking 18 (Dorchester ranking 21) amongst the sub-region based top 30 centres according to Venue Score1 in 2006 is regarded as a sub-regional level town centre in retailing terms i.e. not one of the main retail centres in the region having only local influence and catchment as well as limited overall floorspace compared with larger centres such as Exeter and Bristol. This healthy position has been achieved in part by successful retail developments including the New Bond Street scheme that includes a 9-screen Cineworld cinema and Debenhams department store anchor, and the edge of centre Jubilee Sidings Retail Park. These developments strengthened Weymouth Town Centre as a retail destination and contributed to a positive health check assessment, including above average comparison goods 1 Javelin Group’s Venue Score provides an up-to-date ranking of UK shopping venues across a number of key indicators. It is an annual survey compiled by Javelin Group which ranks the UK’s top 2,000 retail venues including town centres, stand-alone malls, retail warehouse parks and factory outlet centres providing retailers, developers, owners and brands with a straightforward tool for understanding some of the key differences between shopping venues, such as scale of offer, market position and age positioning. The score attached to each operator is weighted to reflect the overall impact on shopping patterns. For example, anchor stores such as John Lewis, Marks & Spencer and Debenhams receive a higher score than unit store retailers to reflect their major influence on shopping patterns. The resulting aggregate score for each venue is called its VenueScore (http://www.javelingroup.com/what/venuescore.html) 1 shopping representation, below average retail vacancies, good environmental quality and a perception as a convenient location for a wide range of shops by local shoppers. Retail developments and cinema at New Bond Street, Weymouth town centre and at Jubilee Sidings 2.0 Retail Trends National trends Nationally, there has been a sharp capital growth decline in all property sectors with a fall to -14.8% in November 2007 Monthly declines in sales across all retail sectors except non-store retailing and repair Reduced customer confidence due to credit card crisis, fall in equity markets etc. Sharp fall in investment demand for retail Increasing retailer interest in ‘green’ business practices and related environmental issues influencing where consumers shop Floor space levels in the shopping centre development pipeline are at the highest level recorded since the early 1990s. Majority of floorspace scheduled to be completed over the 2008-10 period Mixed use schemes are becoming increasingly popular, largely because of the dearth of quality of shopping centre sites Despite sluggish letting markets, there is still a strong demand from retailers for larger modern quality stock. The retailers’ requirement is 30,000m2 Increasing number of traditional retailers diversifying and providing out of centre facilities. Nearly all sectors seeking in and out of centre locations and all sectors looking for larger spaces 2 New technology of internet or digital television home shopping continues to grow and is making changes to food and convenience goods sales as well as non food goods. Established retailers are increasingly using the internet as a parallel channel for sales Customers becoming more comfortable with making purchase online. However, compared with sales levels in shops, online sales remain at a very low level Cinemas: Despite the slowing down of consumer spending, the forecast is that the value of cinema market will increase by 24% between 2006 and 2011 Ten Pin Bowling: tenpin bowling is considered a discretionary spend and can be enjoyed with a relatively small out lay compared to other popular leisure pastimes such as eating out Since 2004, the number of tenpin bowling centres in the UK has increased from 285 to 310 and there are positive signs for the future The tenpin bowling expenditure is forecasted to increase to 18% in current terms over the next five years, reaching £322 million by 2011. However there would be effects of inflation will be felt Summary Decline in sale volumes from 0.1% - monthly declines in sales across all retail sectors with the exception of non-store retailing and repair Growth in sales volumes predominantly in non-food stores Slight (1.2%) in three-monthly sales volume; growth also observed in food stores – the highest since August 2006 Clothing and footwear stores – sales growth of 2.3% Non-retailing and repair increasing by 2.8% - CBRE Sales Monitor, Nov 2007 and ONS) Retail warehouses – sharpest fall in rental growth (2.2%) upto June 2007 Weaker occupier demand – a cause for fall in the bulky goods sector rental growth High operating costs, persistent price competition and the general consumer outlook all contribute to modern retail rental growth prospects ‘green’ business practices on the rise (re-usable bags, compostable packaging) Retail sale volume down 0.1% between September and October 2007 compared with a revised increase of 0.3% on the previous month 3 Sub-regional trends 2.1 Weymouth ranks 18 within the sub-region based on the top 30 centres according to Venue score in 2006. The score attached is weighted to reflect the overall impact on shopping patterns. For example, anchor stores such as John Lewis, Marks & Spencer and Debenhams receive a higher score than unit store retailers to reflect their major influence on shopping patterns. Weymouth is a popular town characterised by its port and coastal location with a mix of port, marina, coast frontage, streets and public spaces creating a strong sense of place and generates a high level of activity in the centre. Due to this the town has developed as an important tourist destination, employment and retail centre. 2.2 Within the South West the main retail drivers have been – Strong demand in the major city centres from multiple retailers Low vacancy levels in major centres ( this has also occurred in Weymouth which is not classed as a major centre) Growing rents (this has occurred in Weymouth) Demand for out of town stock for retailing use Major retail plans in the pipeline – normally in the major retailing centres, although all retailing centres have seen some major plans relative to the size of their retailing function, (including Weymouth)2. 3.0 Weymouth Town Centre 3.1 2 The town centre of Weymouth is formed by a grid pattern of streets. The core retail area comprises New Bond Street, St Thomas Street and St Mary’s Street which are largely pedestrianised. The Primary Shopping Frontage in the town centre is defined in the Local Plan and retail uses are protected by saved Policy S4. Secondary shopping frontages in the town centre are protected by saved Policy S5 of the Local Plan. The centre has a mixed character. The town centre is majorly dominated by older buildings with small retail units. There has been recent development at New Bond Street (2001) comprising Debenhams and other national retailers, multi-storey car park and cinema. South West RA South West Town Centres Regional Study January 2006 4 Pedestrianisation at New Bond Street and St. Thomas Street 3.2 Along the seafront, there are service related uses along with independent retailers targeting the tourist trade. The Council recognises that the Esplanade and seafront are a major tourism resource. Weymouth's Esplanade will be redeveloped in time for the 2012 Olympic Games (see Issues Paper 7 – Heritage, Art, Culture and Regeneration). 3.3 The western periphery of the centre fronts the bridge and harbour side and is dominated by hotels, restaurants, cafes and bars. The Great George Street/Westham Street area is a secondary retailing area with independent retailers. The new Relief Road will considerably improve access to the areas of Weymouth town centre. 3.4 There are also plans for the Weymouth Pavilion, Ferry Terminal and 4 hectares (10 acres) of its surroundings to be entirely redeveloped. The planned complex includes a refurbished theatre, a World Heritage Site visitor centre, a new ferry terminal, a 120– 150 bed 4-star hotel, an undercover car park, a shopping arcade, offices, luxury and low cost apartments, houses, public squares, promenades, and a marina (see Issues Paper 7 – Heritage, Art, Culture and Regeneration). Retail and Services Provision in Weymouth 3.5 3 The town centre contains a total of 305 units3. Almost half of these comprise service related uses such as beauty salons, restaurants, and banks. This provision is 16% above the national average in terms of the unit retail split. The comparison offer provides just under half of the overall provision, with 137 units and is marginally below the national average at (-0.69%). There are 12 convenience providers within the town which form only 3% of the total number of units. This is again significantly lower than the national average of 9.08%, an increase in representation in this sector would therefore be welcomed. However, it is noted that several convenience Joint Town Centre Retail and Leisure Study, CBRE, December 2008 5 providers operate stores either at edge of centre or out of town locations, including Morrison’s (3,252 sq m net), Asda (2,485 sq m net), Lidl (836 sqm net) and Aldi (650 sq m net). These stores draw the majority of convenience trade due to their size and range of provision, as well as ease of access and car parking. If this trend is to be reversed and Weymouth town centres convenience market share improved, development within existing centres should be encouraged. ASDA is one of several convenience store operators outside Weymouth town centre Table 1: Retail and service provision in Weymouth by no. of units Retail Category Convenience Comparison Service Vacant Total No. of units 12 137 152 4 305 % of total 3.9 44.9 49.8 1.3 National average % 9.0 45.5 33.0 10.9 % variance -5.1 -0.6 16.7 -9.6 Source: GOAD Experian Report 2006 CBRE Centre Survey 2007 3.6 The floorspace occupied by various retail categories within the town centre follows a similar pattern to the above, with the service and comparison stores dominating, leaving a scope for increasing the convenience offer within the town centre. At the same time, the amount of floorspace provided for comparison goods makes it a 6 reasonably healthy centre given the continuing multiple retailer occupier trend to occupy and demand larger shop units4. Environmental health check of Weymouth Town Centre 3.7 The town centre can be divided into four broad zones for this purpose. Table 2: Average Environmental Quality Rating by Area Area New Bond Street/St Thomas Street / St Mary’s Street West of St Alban Street 3.8 3.9 Average rating George Street, Westham Street 2.8 Maiden Street/New Street The Esplanade 3.6 New Bond Street/St Thomas/St Mary Street This area is regarded in the Local Plan as the core shopping area. The recent development and modernisation of the New Bond Street has resulted in good quality and an attractive shopping area. However, the streetscape could be made more attractive with the provision of additional outdoor seating thereby creating a more vibrant social point. Nevertheless this pedestrian area appears well managed and is of reasonable quality. This area received the highest rating of the areas surveyed albeit that there is scope for improvement. Although some limited environmental/streetscape improvements have been made to St Thomas and St Mary’s Streets and they offer a fairly clean environment, the general urban fabric is less attractive. While this area benefits from a good mix of architectural quality in some cases the shop fronts are poorly maintained and in need of refurbishment. The pedestrianised nature of the area does however enable shoppers to move around easily and significantly enhances the retail environment. Pedestrianisation enhances the retail environment in St Mary’s Street 4 3.1 CBRE Joint Town Centre and Retail Study, December 2008 7 West of St Alban Street 3.10 The area to the west of Alban Street offers a diverse range of uses. This includes a mix of multiple and independent retailers, as well as a strong representation of leisure related and evening economy uses. The environmental quality of the area is variable. Some streets such as St Thomas Street offer a good quality environment; Nicholas Street and Lower St Alban Street far less so. Although the Custom House Quay area offers the benefit of the waterside, much more could be done to enhance this area (this would be expected to complement the Western Harbour Area, which offers a very good environment). Such initiatives would relate to improving the streetscape, and allow greater opportunities for visitors and shoppers to enjoy the atmosphere. Diverse range of retailing in St Alban Street Great George Street/Westham Road 3.11 This area is rated as fair, and according to CBRE’s survey receives the lowest environmental score in Weymouth town centre. The lower scoring in part reflects the poorer quality of shop fronts, carriageways and overall quality of the streetscape. While, typically, a lower environmental score is reflective of this secondary retailing area, any initiatives to improve the ambience of this area would be welcomed. Smaller shops and poorer quality of shop frontages at Great George Street and Westham Road 8 The Esplanade/New Street/Maiden Street 3.12 The Esplanade forms the main street frontage to the sea. The buildings are of traditional character and form a strong building frontage over-looking the sea and beach. The built form is well maintained and provides a mix of uses; while the majority are hotels, there are also shops selling beach goods and some restaurants and amusement arcades. The road widens at the southern end with street-side parking. The wide road separates the active sea front from the frontage of the buildings and as a result the activity along the front of the buildings is weaker than on the beach. The area is dominated by the road and the parking area and could be improved by greater priority being given to pedestrians. The planned improvements to this area are proposed to take place prior to 2012 Olympic Games and are expected to significantly enhance this area of the town. Shops and other uses along the Esplanade, Weymouth 3.13 Leading off the Esplanade are a series of narrow streets. This area is attractive and adds significant diversity to the town centre due to the mix of independent stores that occupy the area. There are however sections of the road and pavement which could be enhanced: New Street for example contains a mix of stores and the rear of the buildings presenting a rather fragmented streetscape. In places, pavements are narrow, albeit that this is a consequence of the historic nature of the centre. 3.14 Most importantly from CBRE’s assessment of Weymouth’s environment is a need to provide and enhance existing focal points in the centre. This includes those at New 9 Bond Street Square, to the rear of the Marks & Spencer and along the Esplanade generally. Also, much greater effort should be placed on improving the pedestrian environment along the Quayside/Harbour and Marina. Every effort should be made to link these areas better with the core retail centre, so that they blend effortlessly together, which in turn will create a diverse and attractive destination for shoppers, visitors and workers. 3.15 Waterside improvements, such as those which have already occurred on the west bank of the quay would be welcome initiatives to spread more widely the offer at the waterside settings in the town centre. This could also be assisted through a greater provision of on street seating to generate a more relaxed atmosphere, where possible. One of Weymouth’s key attractions is its mix of built environment with water/seafronts and the benefit of this should be maximised as much as possible. Customer Views 3.16 Customer’s views about the shopping and leisure patterns in Weymouth Town Centre analysed by CBRE are as under: For convenience goods Weymouth town centre achieved a low market share due to the number of large convenience stores located on the edge of centre. For comparison goods Weymouth was recognised as the most popular place. 30% stated they visited Weymouth Town Centre 2-3 times a week. The most popular reasons they visited the centre were because it is easy to get to from home, an attractive environment/nice place, and its provision of good nonfood shops. The majority stated that there was very little they disliked about the centre however, some respondents felt that it would benefit from a greater range of shops and felt that car parking was too expensive. In addition a number of people stated that they disliked the number of tourists, drug addicts, homeless and drunks within the town. Popular evening attractions include Cineworld where 59% of the catchment residents visit. 4.0 Out of Town Centre Retail Provision 4.1 In addition to the provision within Weymouth town centre, the largest supermarkets are provided on the edge of the town including Asda at Newstead Road, Aldi at the Jubilee Retail Park, Lidl on the Dorchester Road and Morrison’s store on Dorchester Road. All of the stores are defined as edge of centre sites. 10 4.2 In terms of retail warehousing Weymouth does not have a major out of town Retail Park. The Jubilee Retail Park performs this role to a certain extent and offers units occupied by Curry’s, Powerhouse, Carpet Right and Matalan. In addition there are also fast food outlets such as KFC and McDonalds. Out of town centre shopping provision at Jubilee Sidings, Weymouth 4.3 Existing Local Centres are important to serve specific needs of villages, and distinct communities in the built up area. They are identified as Local Shopping frontages and protected by saved Policy S6 of the Weymouth and Portland Local Plan. These include Easton Square, Portland Road, Wyke Regis, Littlemoor Centre, Fortuneswell, Abbotsbury Road, Westham, Lodmoor Hill and Southill Centre. There are also are a number of small local shopping parades within the housing estates comprising small convenience stores protected by saved Policy S7 of the Local Plan. 4.4 All of these stores perform an important role as a local focal point to the community. In terms of other town centre uses, Weymouth has a fairly good provision of entertainment and cultural facilities. Many of these are dispersed around the edge of the town centre such as the Sea Life Centre, Pavilion Theatre, Royal Manor Theatre, Gala Bingo Club and Weymouth Museum. In the town centre itself, there is one cinema and a bowling alley to the south of New Bond Street. There are also a few amusement arcades along the Esplanade. 5.0 Retail Commitments 5.1 From the planning consents granted in 2007-2008, it is clear that all the retail development coming up outside the town centre is either in the form of the extension to the existing stores or by the development of new terrace retail units such as that proposed by New Look and Tesco. Planning permission exists at the Mount Pleasant Business Park (for New Look) for a new terrace of 4-6 retail warehouse units for retailers offering goods such as, furniture and furnishings, carpets and floor coverings, electrical, pet related goods, DIY goods, motor 11 accessories, and cycles. These units will form part of a comprehensive development including a new European Headquarters Office for New Look, further employment uses, and a range of community uses including a medical centre, vets practice, nursery and hotel. 5.2 Furthermore, planning permission has been granted for a 2,860 sq m supermarket at Bottomcoombe, Easton on the Isle of Portland with Tesco as a named operator. 5.3 Other indicators of town centre’s health include multiple retailers, independent retailers, fashion rank etc. The presence of multiple outlets can enhance the appeal of a centre to shoppers. In 2007 of 30 identified key multiples, 20 were found within Weymouth5. Weymouth is at 143rd place out of the top 200 town centres in the UK. This ranking suggests that while Weymouth is performing fairly well, any scope to improve the extent and quality of fashion retailers would be expected to strengthen the town6. Independent retailers provide diversity to a centre’s overall offer, and help to resist the wholesale homogenisation of retail areas – a current concern arising from recent UK retail trends. Independent retailers are primarily located in secondary locations within Weymouth. In some areas (such as the streets linking up to the Esplanade), the quality of the environment of these areas is reasonably attractive and benefits from the historic architecture and narrow streets which together provide an individual character. 6.0 Retailers’ requirements for Weymouth Town Centre 6.1 5 6 The level of retailer demand to locate in Weymouth provides another good indication of the centre’s health. According to Focus, in total, 44 retail and service businesses have expressed a demand for floorspace within Weymouth (Appendix 3). Demand is strongest from the comparison sector. Such operators include, TK Maxx, Brantano, Dreams Plc, Robert Dyas, Tchibo UK Ltd and Moss Bros. There is also considerable demand from service sector retailers such as Pizza Hut, Pizza Express, Harvester and Ask. However main supermarket operators and small independent store operators do not post their requirements on databases such as Pipnet and Focus. Possibly this may explain why there are no requirements shown for the convenience sector. CBRE Joint Study report, 2008 Property Market Analysis (PMA) Promis Report 2007 12 7.0 Retail Rents 7.1 The level of rent that retailers are prepared to pay gives an indication of the perceived attractiveness of that centre. The development of larger, modern retail units at Bond Street as well as the out of centre Jubilee Retail Park is likely to have assisted the town’s rental values. Weymouth must continue to bring forward development which meets the needs of modern retailer brands in order to compete. As would be expected, the centres of Poole and Bournemouth command a far higher Prime Zone A retail rent than Weymouth, reflecting the scale and status of these centres (Appendix 4). Shopping rents have also become a prime cause of shops becoming vacant in the town centre due to the economic downturn and is discussed later in the paper. 8.0 Town Centre Management Group 8.1 This group was formed as a joint initiative between the Chamber of Commerce, Council, retailers and other businesses in 2001. The group was formed to undertake initiatives to help improve the retail performance of the Borough by undertaking and co-coordinating actions to this end. It was felt that the group should be a sub-group of the Chamber of Commerce to encourage business participation. 8.2 The Council’s involvement in the group was felt to be a useful way to both consult on its work and also reach a group of retailers for an informed view on how the retail economy could be enhanced. The Council has provided support to the group on issues such as importance of the economic health of town centres, policy objectives, particularly concerning transport and sustainable economic development. The group also looked at some short term issues such as late night shopping events, parking and ‘A’ boards outside shops. 8.3 Since November 2008, another small group formed - the Weymouth Town Centre Group which is a subset of Chamber of Commerce. This group has a strategic focus on the regeneration and prosperity of Weymouth town centre. The Town Centre Group is also supported by the Borough Council and is currently working up a mission statement and objectives. The issues that the group wishes to tackle are: Condition and quality of public realm Condition and quality and range of the available retail and office space The apparent lack of small business performance in terms of retailers running out of or maximising their benefits, encouraging people to spend more and investigating other markets etc. 13 8.4 The Borough Council operates a strategic Business Investment Fund of £12,000 a year currently. This is used to get the business community together to understand consumers, action plans, performance of business, etc. 9.0 Planning Policy Context National Policy Framework 9.1 Planning Policy Statement 6 (PPS6) which sets out the Government’s guidance on retail planning policy and planning for town centres with key objective to promote the vitality and viability of the town centres by planning for the growth and development of existing centres; and promoting and enhancing existing centres by focusing development in such centres and encouraging a wide range of services in a good environment, accessible by all. Other objectives that PPS6 includes are – enhancing consumer choice by making provision for a range of shopping, leisure and local services, supporting efficient, competitive and innovative retail, leisure, tourism and other sectors, with improving productivity, accessibility. In consistency with the above objectives the Government’s wider policy objectives include encouraging investment to regenerate deprived areas, creating additional employment opportunities and an improved physical environment; promoting economic growth of regional, sub-regional and local economies and delivering more sustainable patterns of development, ensuring that locations are fully exploited through high-density, mixed-use development and promoting sustainable transport choices, including reducing the need to travel and providing alternatives to car use; and promoting high quality and inclusive design, improving the quality of the public realm and open spaces, protecting and enhancing the architectural and historic heritage of centres, providing a sense of place and a focus for the community and for civic activity and ensure that town centres provide an attractive, accessible and safe environment for businesses, shoppers and residents. PPS6 goes on to say that wherever possible, growth should be accommodated by more efficient use of land and buildings within existing centres. Draft Planning Policy Statement 4: Planning for Prosperous Economies 9.2 In May 2009 the Government published a new draft PPS4 for consultation7 which is proposing to merge PPS4: ‘Sustainable Economic Development’ with PPS6 and parts of some policy statements. The key changes proposed in the draft PPS include: 7 Communities and Local Government (http://www.communities.gov.uk/publications/planningandbuilding/consultationeconomicpps) 14 9.3 Revising planning rules to keep ‘sequential test’ that requires the most central town centre sites to be developed first Removal of ‘need test’ in favour of a wider, more sophisticated ‘impact test’ which will give local authorities a better tool to measure the wider positive and negative effects of retail and other town centre related development involving retail diversity, impact on town centre investment, scope for regeneration and job creation Emphasis on local authorities’ proactive and positive policies underpinned by robust evidence base and Removal of national car parking standards, allowing local authorities to set local levels and In April 2008 The Competition Commission made a series of recommendations to the Government regarding the retailing industry. This included a proposal for a competition test to be applied as part of the planning process to proposed new stores and to the extensions of existing stores to favour new retailers and make existing retailers having significant local market shares to relinquish control over land sites in highly concentrated markets. These recommendations have not been taken forward in the new draft PPS4: ‘Planning for Prosperous Economies’. Regional Policy context 9.4 Regional policy is set out in the draft Regional Spatial Strategy. Weymouth is recognised in the Draft Regional Spatial Strategy as one of a limited number of Strategically Significant Cities and Towns (SSCTs) in the region and is a location offering the greatest opportunity for a wide range of commercial and public services. HMA 12 states that in Weymouth and Dorchester HMA, provision will be made for the growth of 11,900 jobs. 9.5 RSS policy TC1 states, “in order to meet the needs of local communities within the region, local authorities and other agencies will work together to ensure that the vitality and viability of the region’s existing network of town centres is maintained and enhanced. In doing so, it w will be important to ensure that such centres are not adversely affected by inappropriate development elsewhere, and that provision is made for a mix of uses within town centres, including retail, cultural facilities, offices, other employment and housing.” It also mentions that the central areas of the SSCTs will be the main focus for new investment in retail and other major facilities requiring high levels of accessibility. The range and quality of central area facilities will also be maintained and enhanced, the quality of town centres and public realm will be enhanced and accessibility will be through sustainable modes of transport. The scale 15 of new investment in retail and other facilities within town centres should take full account of changing patterns of behaviour and future levels of population growth. The development of major new regional shopping facilities outside these centres will not be supported8. 9.6 Policy TC2 of RSS lays out principles for retail provision outside the strategic centres. It mentions that the planning of new centres to serve proposed new development areas should reflect the need to compliment rather than compete with the retail facilities in the relevant strategic centre. 9.7 The Bournemouth, Dorset and Poole Structure Plan 2000 includes Shopping Policy A that reflects the old PPG6 sequential approach. Shopping Policy B allows for the retention and improvement of local shopping facilities. In addition the Structure Plan includes Settlement Policy B which states “The area embracing Weymouth, Portland and Dorchester, including the settlement at Crossways, will provide a focus for economic regeneration. This will be assisted by the development of Employment, Shopping, Education, Tourism, Recreation and Community Facilities at the towns of Weymouth and Dorchester and other locations in the area identified for these purposes in the Plan.” 9.8 With reference to the Adopted Local Plan of Weymouth and Portland, all the retail policies except for Policy S1 (Proposals for major new retail or leisure development) have been saved in its schedule of saved policies in December 2008 until LDF comes into effect. 10.0 Credit Crunch and Retail 10.1 8 9 Contrary to the impression given by some recent commentary associated with the opening of new schemes, the UK is not being blanketed with new shopping space. The development pipeline is dwindling and with more schemes seeing completion dates rescheduled into the indefinite future, the market could face an extended period of low levels of shopping centre openings. The complexity of town centre development schemes typically means that, once plans are interrupted, it can take several years for development activity to recover. Lack of new supply beyond the end of the decade could leave retailers facing a shortage of modern shopping space and renewed rental pressure9. The following chart shows the shopping centres and retail park completions. Draft Regional Spatial Strategy proposed changes, 2008, pp.228-229 UK Property View Point, CBRE, March 2009 (www.cbre.co.uk/research) 16 Chart 1: Shopping centres and retail park completions Source: CBRE, 2007 10.2 However BBC reports that small businesses are apparently doing better in recession. February has been a month of quiet growth for most of the members of the BBC's small business panel. Each month through the recession, they seem to be more than holding up at present. Of the 10 companies, three said they were faring better than in January, while five said they had seen no change. Only two said conditions had worsened10. 10.3 GDP fell by 0.7% in the three months from July-September 2008, compared with the previous quarter, after 16 years of growth. And the latest figures, covering OctoberDecember, show another fall of 1.5%, the steepest quarterly drop since 1980. The UK government is now predicting that the economy will continue to decline through most of 2009 but recover in 201011. 10.4 There is also a concern for the number of empty shops increasing in high street across the country. A new survey from the Local Government Association (LGA) says four out of five councils in England have reported an increase in empty premises as the recession takes hold. The LGA wants action to stop high streets becoming "ghost towns" - but what can be done12? Weymouth town centre has 20 empty shops13. Monthly Monitoring of empty shops and commercial premises in Weymouth Town centre was undertaken from January to March. The survey revealed that there were 21 empty shops in January, 20 in February and 20 in March. Some moves and changes have been observed but no net change is observed overall. Largest store is former Woolworth store which is with national agents who report that there have 10 BBC news website, 23rd March 2009 (http://newsvote.bbc.co.uk/1/hi/business/7955548.stm) Recession Tracker, BBC, 25th February 2009 (http://news.bbc.co.uk/1/hi/business/7789844.stm) 12 Empty shops, BBC, 28th February 2009 (http://news.bbc.co.uk/1/hi/magazine/7840421.stm) 13 Town centre empty shops survey, Weymouth and Portland Borough Council, March 2009 11 17 been some enquiries, but no firm offers have been made to date. Agents also report active interest in other vacant premises14. 10.5 However, despite the national recession, several Dorset entrepreneurs are determined to buck the trend by opening new businesses. Trade might be tough, but they're convinced there's a market for their goods. Three separate entrepreneurs in Dorset believe it's still worth taking a risk in business despite the current recession it's all about the strength of the idea. According to the President of the Weymouth and Portland Chamber of Commerce the businesses in Weymouth should be encouraging people to holiday in the resort, be they local or from further afield, and the only way to do this is by continuing to move business forward. Chamber of Commerce reports that instead of looking to the past, attention should be focused to the future. There have been bad times, but good times are coming15. 14 Scrutiny and Performance Committee Report prepared by Simon Williams, Weymouth and Portland Borough Council, March 2009 15 Credit Crunch, BBC Dorset, 25th March 2009 (http://www.bbc.co.uk/dorset/content/articles/2009/02/12/recession_entreprenuers_feature.shtml) 18 Appendix 1: Retail Commitments The current retail planning commitments in 2007: Source: Weymouth and Portland Borough Council, 2007 19 Appendix 2: Key Multiple Retailers in Weymouth Source: Experian GOAD, 2006 20 Appendix 3: Retailer’s requirement for Weymouth Source: Pipnet/Focus 2007 21 Appendix 4: Prime Zone A Retail Rents £ per Sq m (Sq ft) Weymouth and Competing Centres Source: Focus Report 2007 22