Looking for a “pop-up shop”?
Through its partnership with “Popupspace.com” and through the work of members such as London Youth Support Trust Capital Enterprise is able to help new and growing businesses to source a pop-up” shop in London. If you are interested in finding out more then please contact John Spindler CEO of Capital Enterprise on john@capitalenterprise.org or Rosie Cann CEO of Popupspace.com on info@popupspace.com.
This is a great guide to get you going, especially if you are interested in the arts. Download PDF guide here
If you have no idea what a pop-up space is then check out the explanation below:
What Are “Pop-Up Shops”?
A “pop-up” shop is a short term let of a property in a good or unusual location for a nominal rent to either a team of creative individuals who use the shop to display and sell their limited stock of creative wares or to a pre-vetted new businesses who use the pop-up shop to test and trail a new innovative products/services or retail concepts in a suitable high street setting. POP-UP RETAIL, are initiatives that have a tendency to pop up unannounced, quickly draw in the crowds, and then disappear or morph into something else, adding to retail high streets the fresh feel, ingenuity and surprise that galleries, fairs and “cat-walk” shows have been using for years.
Pop-up retail also has the added benefit of allowing landlords with void property to find a temporary usage of the property that will enable them to obtain empty property business rate relief on a property with a rateable value over £15,000 per annum. If the temporary occupation of the previously void property lasts more than 6 weeks and one day, the landlord will receive an additional 3-6 month period of empty property rate relief. Consequently, it pays for the landlord to let a property on a temporary basis for a minimal rent to temporary tenant who in turns covers the service charge and rental fees. It can be therefore a win-win for both new businesses and landlords.
