Which region’s high streets have the highest proportion of drinking establishments?
- North-east – 6.03%
- East midlands – 4.94%
- Scotland – 4.11%
- London – 3.83%
- East of England – 3.11%
- West Midlands – 3.05%
- North-west – 2.84%
- South-east – 1.97%
- Yorkshire – 1.9%
- Wales – 1.88%
- Ireland – 1.87%
A report by specialist mortgage and secured loan provider Together Money titled High Street Split has found that 6.03% of high street space in Northumberland, County Durham, Tyne & Wear, and the area of the former county of Cleveland in North Yorkshire is taken up by drinking establishments – with 4.48% of overall space occupied by pubs.
The region includes areas such as Newcastle-upon-Tyne, Sunderland and Middlesbrough.
Together Money’s findings follow news of the Nuthatch on Bedford Street in Middlesbrough town centre, planting itself firmly among some of the UK’s best in the 2019 Top 50 Cocktail Bars list, proving the trend for high-quality cocktails has well and truly travelled beyond the country’s major cities.
The north-east’s figure is almost twice the national average of 3.12%, with the East Midlands (4.94%), Scotland (4.11%) and London (3.83%) also registering as above average for drinking establishments.
What’s more, according to research, Ireland has the lowest proportion of high street drinking establishments – at 1.87% – followed by Wales (1.88%), Yorkshire (1.9%) and the south-east (1.97%).
The study also revealed that retail now takes up around 30% of high street space, with national brands now favouring an online presence to bricks and mortar.
It also found that 43% of the high street space is now occupied by independent businesses, with more than one in three Brits preferring a return to smaller, local outlets in their town.
The release of Together Money’s research follows the inclusion of an additional 50 towns in the Government’s £1bn Future High Streets Fund – a move welcomed by UKHospitality and the British Beer & Pub Association.
Announcing the expansion of the fund, Prime Minister Boris Johnson said: “Our high streets are right at the heart of our communities, and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money.
“But with our town centres facing challenges, we’re today expanding the Future High Streets Fund to support over 100 high streets to regenerate – backed by £1bn of vital investment.
“This scheme is going to re-energise and transform even more of our high streets – helping them to attract new businesses, boost local growth, and create new infrastructure and jobs.”
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