Entrepreneurial Development Model for Town Centres

I have been saying for some time now that many of the UK’s struggling town centres and high streets will not be improved or regenerated via the traditional property development model. Instead, in order to improve, they need to use the Entrepreneurial Model.

So, it is interesting to see that some Local Authorities have decided to buy (or a looking in to buying) high street properties and shopping centres. However, to make a success of this ownership these local councils will need to employ a different sort of manager to those they are used to recruiting, and they can’t depend on property agents to make a success of it for them.

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