Businesses in Waltham Forest
Businesses and retail outlets in Waltham Forest faces many threats at present including
- Large supermarkets
- Global and UK economic instability
- Unpredictable and weak consumer demand
- Service industry overcrowding – eg rapid increase in cafes & restaurants without corresponding increase in customers
- Unattractive streets due to noise, pollution, congestion, road danger (and lack of safe crossing points)
It is likely your business is already visited by far more people on bikes and on foot than you realise. Public realm improvements, protected space for bikes on main roads and other cycling measures have been repeatedly shown to increase sales in nearby shops.
- Research shows that making places better for walking can boost footfall and trading by up to 40%
- Good urban design can raise retail rents by up to 20%
- International and UK studies have shown that pedestrians spend more than people arriving by car. Comparisons of spending by transport mode in Canada and New Zealand revealed that pedestrians spent up to six-times more than people arriving by car. In London town centres in 2011, walkers spent £147 more per month than those travelling by car
- Retailers often overate the importance of the car. A survey conducted in spring 2015 in Lea Bridge Road Waltham Forest showed that businesses believed that 63% of their customers arrived by car; a survey of visitors to the street revealed that only 20% had arrived by car. A study in Graz, Austria, subsequently repeated in Bristol found that retailers overestimated the number of customers arriving by car by almost 100%
All the above (apart from Lea Bridge Rd) from The Pedestrian Pound – the business case for better streets and places, Living Streets
The benefits of Mini Holland
- Safer streets by removing through traffic, encouraging active travel such as walking, scooting and cycling… more fun and greater independence for young and old.
- Better pavements, lighting, crossings, public spaces, trees.
- Closer and calmer communities – less through traffic on residential roads encourages friends and neighbours to meet, talk, socialise and play.
- Fewer cars, vans and lorries, which means less pollution.
- High quality cycle facilities such as protected tracks and cycle parking.
- Healthier lives for more local people, and reduced costs to the NHS by tackling the obesity epidemic, depression and other health issues.
- Plus our community will be blazing an inspirational trail, demonstrating solutions to our many environmental crises including our growing population… we can build more homes but not more roads or parking spaces.