Some good news for independent retailers has come in the form of research from business insurance broker Simply Business which has found that the UK is experiencing a resurgence of traditional High Street food retailers.
The company analysed over 40,000 independent retail outlets across the nation and found that from 2012 to 2013 there was a 27% increase in independent food merchants, with independent bakeries rising by 31%.
Commenting on the findings, Jason Stockwood, CEP of Simply Business, said: “The surge in independent food merchants exemplifies the nimble nature of small businesses as their success is often determined by smartly tapping into growing trends at the right time.
“We hope these independent food and drink stores will profit from consumers turning their backs on established supermarket chains in favour of their local providers who breath new life into community high streets. Independent businesses are vital to the ongoing growth of the UK economy and our findings reinforce this.”