RICS responds to BEC’s report on high street regeneration

Article summary

The Royal Institution of Chartered Surveyors (RICS) has welcomed the Built Environment Committee (BEC)’s report on the future of high streets. The report, which examines challenges and opportunities for town centres, aligns with several RICS recommendations. It emphasises the need for diversification beyond retail, advocating for more restaurants, leisure activities, and public services in town centres. The report also highlights the newly implemented High Street Rental Auction (HSRA) powers, which came into effect on 2 December 2024.  Additionally, it directly references evidence submitted by RICS earlier this year, focusing on improving high street competitiveness through better accessibility, the advantages of green spaces, and the challenges of business rates reform.