The UK is experimenting with offering small businesses free rent to revitalize downtown districts.
Several small towns in the UK have experimented with giving small businesses rent-free shop space over the last few years.
Now it's vibrant, upbeat, colourful," Hope Dean, the owner of a plant shop that was one of the 10 businesses given free rent, told The Guardian.
Some US cities have pursued similar downtown revitalization initiatives.
Denver offered free rent and services valued at $20,000 to businesses willing to use empty space in the city's downtown, and San Francisco has offered free rent and grant money to pop-up businesses in its downtown.
Persons:
Hope Dean, We're, Matt Soffair
Organizations:
Service, Legal, General Investment Management, Guardian, Times, Westminster City Council, Oxford, BBC, Denver
Locations:
Poole, Wall, Silicon, American, Westminster, London, San Francisco