Two City Centre Retail Units to Be Provided FREE of Charge to Local Businesses Wanting to Test the Market

Newport Now Business Improvement District (BID) has secured funding to offer local businesses the opportunity to have a temporary city centre retail shop.

Two retail units in prime locations in Newport city centre will be used for this initiative for at least two months starting in May and interested parties are being invited to pre-register their interest now.

Dan Smith, director of M4 Property Consultants and a Newport Now BID board member will be managing the scheme. Commenting on why the decision has been taken to provide local entrepreneurs and small business owners with this free opportunity and the benefits those invited to participate can look forward to, he said, “With the support of Newport City Council, Newport Now BID recognises the difficulties some start up businesses face when searching and securing a high street retail space. We hope that by participating in this scheme the companies and individuals involved will be encouraged to ‘test the market’ in advance of committing to their own retail unit.

In similar previous initiatives, retailers have used the opportunity to launch new products or services to a wider customer base, to gain a better understanding of the retail sector and interacting with instore customers and to learn from the experiences of other retailers.”

If you are interested in participating or finding out more about the initiative, please email [email protected].