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 βin limboβ. Theyβre both worried about increased rents and the impact the sell-off could have on the local community.
Network Rail said: βAs a taxpayer-funded, public company, we use funds from property rents and sales to invest in improving and growing the UKβs 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.β
Film by ΒιΆΉΤΌΕΔ Radio 5 live Drive.
Duration:
This clip is from
Featured in...
Lifestyle—5 Live In Short
Health, wealth, family... and all the things that matter to your life.
More clips from 5 Live In Short
-
Andrew Lloyd Webber at farmers protest at Westminster
Duration: 01:31
-
Al Murray: βWhat I love about PMQβs is the sheer varietyβ
Duration: 01:05
-
When Ed Davey joined Matt Chorley on a rollercoaster
Duration: 01:26
-
Looking for Larry: βIs this him now?"
Duration: 00:58