Regenerating old business for new ventures

In previous blogs, I have written about physical regeneration and the effect this can have on the community and its development. This can be applied to gentrification and the effects on the local community. In the UK in 2008 and 2009, when the recession hit and there were a load of empty shop spaces in local communities and high streets around the UK it was an opportunity to rent these spaces and provide private venture and charitable services.

In black areas, we are the last people it seems to want to have a sense of ownership in our areas, the psychology is one of a temporary nature rather than one looking at the short and medium term. This was the thought process of Caribbean persons, who used to own businesses in the 1980’s and prior to this time, who in the late 80’s and early 90’s decided to pack up and go back to the caribbean. This was a time when the next generation should have taken over the shops but it was instead a goal of that generation to ensure their children were professionals working in white organisations and businesses.

This has its problems as there were many businesses which were abandoned or sold to races outside of the community. There was also a recession at this time which left some businesses going under or being left abandoned. This should have been approached in any of the following ways:

  • The owner could have rented the space to another black person

  • The business could have been passed to the younger generation

  • Rent the building from the local authority then eventually buy it

  • Partnerships created to rent/purchase the building or the business

The local authority in the UK generally in certain areas, will look to either (preferably) sell the building so they do not need to pay to manage it anymore or rent it out at a favourable rate as they would like to generate income with there being funding cuts. If your reading this from say the US I’m not sure how it works but I’m sure in areas which are not desirable the cost of the shop or building would be cheaper.

This is a huge contributory factor as to why we (in the UK or US) have a lack of black businesses and high black unemployment as businesses are left to fester or buildings are bought by other races and either sell our products to us or others. We need to look after ourselves too, who else will.

Some further information:

Rescuing a empty property in the UK (www.bbc.co.uk)

Derelict London (www.derelictlondon.com)

Some Derelict Buildings across America (www.opacity.us)

Source to purchase a derelict building (www.robinson-jackson.com)

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