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Network Rail 'placing small businesses at risk'

Network Rail 'placing small businesses at risk'

Business
Thousands of small businesses are at risk of closing down as Network Rail sells its railway arches off. From artisan bakeries to family-run garages, from Manchester to Bristol, business owners fear they will be left without their livelihoods as the publicly-owned company is set to sell about 4,000 arches by the end of this year.A buyer will purchase all of the arches as one, with tenants allowed to remain.However many of those independent businesses across the country have already been forced to close as their rents over the past year have sky-rocketed.Tenants believe the unprecedented rent increases of up to 500% - some backdated seven years with little notice - over the past year are linked to the sale. ...