Empty shop fronts have started to plague Bradford's high streets, as the cost of living crisis has forced many small businesses to close.
Many independent business owners have told the T&A how rising energy prices, and increasing costs from suppliers mean their small, quirky businesses are no longer sustainable.
From fish shops to coffee shops, the decreasing profit margins mean some of our district's small, lovable businesses have no other choice than to shut their doors.
Here's a list of Bradford businesses that have closed this year due to the ongoing crisis;
- Plant One On Me, a unique coffee and plant shop located on John Street, closed in April this year. Owner, Ursula Sutcliffe said that ever-rising costs and the impact of last Christmas were to blame.
- Keith Lambert's bike shop, which has been established for 40 years, also closed last month. The owner said there are "issues with the current market" and it is almost impossible to make a profit when the products are just as cheap to buy online.
- Tiny's Coffee Shop in Queensbury announced last week that it was closing with immediate effect for the same reasons. Owner, Karl Barraclough and his wife said it was a “heartbreaking” decision but they couldn’t continue paying up to £1,000 a week out of their own pockets to keep the business going.
READ MORE: Bradford chip shops talk of struggle to stay open amid rising energy costs
An annual study called The Simply Business SME Insights Report published by a small business insurance provider, Simply business, found that seven out of 10 small businesses in Yorkshire & the Humber could be at risk of collapse due to the rising energy costs.
It also found that over two-thirds (67%) of SME (Small and medium-sized enterprises) owners in Yorkshire & the Humberside say rising fuel and energy costs are one of their greatest threats to survival.
And 87 per cent of small business owners lost an average of £20,981 each over the last two years, with many still suffering financially.
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