Newport City Council to undertake retail study
Newport City Council and Newport Unlimited Urban Regeneration Company have instructed Colliers CREÂ’s research and forecasting department to conduct a retail study of Newport following a competitive tender.
The study will provide an evidence base for and inform the retail policies and proposals of the Newport Local Development Plan 2011 - 2026 (LDP). It will also assist the Council in assessing future retail planning applications.
The programme of work will include a household telephone survey to establish shopping patterns and an assessment of the need for additional retail floorspace over the period to 2026, the end date of the new Plan.
Newport is set to benefit from more than £2 billion of private investment over the next 10 years. The regeneration is being promoted by the City Council, Newport Unlimited and the Welsh Assembly Government working with the private sector.
Commenting on the instruction, Dr Richard Doidge, Head of Research Consultancy at Colliers CRE, said: “The study comes at a crucial time for Newport, since it has to compete ever harder for retail sales against the nearby regional shopping destinations of Cardiff and Bristol, both of which benefited from major new shopping centre openings during 2008/09. New retail provision in Newport city centre is likely to be a key driver of the city’s regeneration and economic transformation over the next decade.”
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