Business Zone: Councils’ control of business rates could unlock entrepreneurship in seaside towns
Our Lead Researcher, Maximilian Yoshioka, writes for Business Zone about our latest report From ebb to flow: how entrepreneurs can turn the tide for seaside towns.
Despite their idyllic reputations, seaside towns feature among Britain’s most deprived places, their economies battered by the loss of custom to resorts abroad and plagued by poverty, weak aspirations and welfare dependency. Yet research by the Centre for Entrepreneurs suggests that some towns are on the cusp of a revival, thanks to the efforts of dynamic entrepreneurs.
Hear the words ‘seaside town’ and chances are sunny beaches, fish and chips, strolls along the pier and donkey rides are what come to mind – well, perhaps minus the ‘sunny’ part. But while this might be true of some places, in many seaside towns locals have more serious challenges to face. Indeed, as revealed in last week’s release of the latest official deprivation figures (which ranked seaside town Jaywick as Britain’s most deprived locale), they live in some of the UK’s most economically challenged areas.
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