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Business Live: Sports Direct slams Debenhams - BBC News

Boyds of BedfordCopyright: Boyds of Bedford

Today is quarterly rent day, one of the four days a year when commercial landlords collect their rent.

With retail chains going under at what seems like the rate of one a day, you might think that the cost of renting on the high street is coming down.

Sadly, in large parts of the country, it is not. Bedford's high streets have several empty units, yet some retailers still cannot afford to claim them.

"We're kind of just off the high street through an archway - we looked at high street units when we first opened, but it's still unachievable for us," Tom Answer, co-founder of Vintage Suit Hire Company, which owns the Boyds of Bedford brand, told Today.

Mr Answer said that the vacant units in Bedford in more prime retail locations were currently going for £40,000 a year - nearly four times the amount his business is paying now.

"I'm not asking for any money off, but I would like it to be in the conversation of how do we support small businesses, in terms of giving them the opportunity to realise viable businesses," he said.

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