
Business owners 'in limbo' over railway arches sell-off
Network Rail is selling around 4,000 railway arches across England and Wales, which are home to thousands of small businesses.
It says the money raised will pay for improvements to the rail network, but many business owners are worried increased rents could force them to close.
Prakash Patel from Popup Bikes and Jay Cahill, owner of Fighting Fit Martial Arts Centre in Manchester told ѿý Radio 5 live that Network Rail has left them “in limbo”. They’re both worried about increased rents and the impact the sell-off could have on the local community.
Network Rail said: “As a taxpayer-funded, public company, we use funds from property rents and sales to invest in improving and growing the UK’s railway infrastructure, reducing the need for the taxpayer and the fare-payer to fund our railways. Upon completion of the sale, all current leases will transfer to the new buyer and all arrangements and protections will remain unchanged.”
Film by ѿý Radio 5 live Drive.
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