Hounslow Council encourages local businesses to take advantage of new cheap retail space
By Joe Acklam
12th Apr 2023 | Local News
Hounslow Council are encouraging local businesses to take advantage of discounted retail space in the town centre.
The top floor of the former-Debenhams store inside the Treaty Centre has been transformed into a multi-purpose creative hub and marketplace for entrepreneurs, traders, and independent businesses.
The Loft Hounslow is offering a variety of different spaces from tabletop size to full sized unit plots with prices starting from £80 per month plus commission.
Councillor Tom Bruce, Cabinet Member for Regeneration and Development said: "The Loft is a fantastic new initiative to bring empty high street space back to life.
"We know from listening to businesses and communities that there is a lack of affordable spaces for start-ups, yet because of the pandemic and cost of living crisis an increase in vacant spaces across the borough.
"We are committed to unlocking these vacant retail spaces such as the Loft, which not only enhances leisure experiences but provides a boost to the local economy."
To get rid of the burden of each business having to set-up their own sales equipment, there will be one central till system which provides weekly sales reports to each trader and total sales deposited into their account on a monthly basis.
The Deputy Mayor for Planning, Regeneration and Skills, Jules Pipe, said: "This impressive transformation of an empty department store into a multipurpose hub for independent businesses is great news for Hounslow's town centre and a terrific example of how to transform large legacy buildings.
"The Loft will attract new start-ups and retailers, creating more job opportunities for the local community and help secure a sustainable and successful retail destination for the wider area. This kind of regeneration will ensure a better, fairer, more prosperous London for all."
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