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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 ΒιΆΉΤΌΕΔ Radio 5 live that Network Rail has left them β€œin limbo”. They’re both worried about increased rents and the impact the sell-off could have on the local community.

Network Rail said: β€œAs 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 ΒιΆΉΤΌΕΔ Radio 5 live Drive.

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