The revival of the West-End starts here

Since the first lockdown just over 12 months ago, we have seen a major shift in eating habits. The fast forward towards tech-based deliveries, for example, was welcomed and now firmly a part of our lifestyles, despite Deliveroo’s IPO being a disaster. Speaking from personal experience, I welcomed with open arms a well-earned break from home cooking and washing up.

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Character counts

While the industry’s focus on the role of ‘purpose’ in place making is leading to fresh thinking in some quarters, there is a very human feature of places that is arguably more important, but often overlooked. It is a feature that, in a post-pandemic world in which we need to encourage people to return to our cities, may be more significant than ever.

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Perfect market in a perfect world - Or a broken market and a very bitter taste?

As firms up and down the country are starting to count the days until they are finally able to reopen, businesses are also starting to count the true cost of the pandemic as they stare at a mountain of debt. While there is hope and elation, there is also a very bitter taste in the mouth as the unfairness of it all becomes increasingly apparent.

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The hospitality sector needs cash, clarity and confidence or chaos will ensue

Once again, we are standing on a precipice. This time, however, the drop is even greater. While we wait to see what ‘data not dates’ really means, the re-opening roadmap is just one part of what the industry needs. Cash, clarity and confidence are what everyone is calling for, not soundbites, kite flying and misinformation.

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Focus on the wood and the trees: navigating the next few years

Right now, most businesses are understandably looking at how to simply get through the coming days, weeks, and months. However, despite being a New Year we are now into another lockdown, and it remains a period of time for both reflection and future-gazing; what have we learned from the past year that will have a meaningful impact not just in the months ahead, but in years to come?

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CACIHarriet Shaw
No more unicorns, cash is king

The longer the pandemic goes on, the greater the acceptance in the industry that life has to go on in some way. What is interesting, is the form that is taking. From our perspective, working for both landlords and operators, we are seeing a noticeable shift in the working relationship on both sides.

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Shelley SandzerHarriet Shaw
Government, please do not plan to fail

On the face of it, the amendment to the Town & Country Town Planning Act, Use Classes 2020, is a very positive step by the government. A radical overhaul of an outdated system possibly.

It will group all forms of retail, business and service based premises in one category, seemingly making the system simpler and permitting movement between the use class without needing planning consent.

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To CVA or not to CVA?

Even before the devasting effects on businesses of the coronavirus, it is fair to say the restaurant and leisure sector had already experienced more than its share of problems over the past few years.

Businesses have had to face significant rental and rates rises, increases in the national living wage, and rising commodity prices due to the pound being devalued as we continue the wrangle over Brexit. As all of these occurred at the same time, returns in the sector were squeezed, leading to what has been referred to widely as the perfect storm. In many instances, the situation created unsustainable business models with failure being inevitable without drastic action being taken. Enter stage left, the CVA.

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The hospitality sector needs room to breathe

The proposals from Jonathan Downey and his #timeoutuk campaign are a very positive step that could work for all sides over a period. The upside for the owners and investors being occupied space and basic running costs covered through service charge payments, with potentially a full income stream in 2021. The key to their success, however, is convincing the lenders at the top of the tree.

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Recalibrate to rejuvenate

Even before Covid-19 affected us all, rent and rates liabilities were dangerously high for F&B operators and there had already been some casualties. The Living Wage and Minimum Wage were adding further pressure too, so when coronavirus hit like a metaphorical stop button, the impact of these issues accelerated exponentially, creating a perfect storm of pain felt by everyone in the industry.

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