14/10/2026
Stockton's riverside regeneration has transformed part of the town centre. But is making places look better enough on its own?
A few years ago, Stockton's town centre vacancy rate stood at 22%. Following major regeneration and the development of Stockton Waterfront, that figure has fallen to 10.2%, which is below the national average.
It's an impressive example of what can be achieved when a town invests in its future.
At the same time, a recent report from the British Retail Consortium claims retailers are now paying the equivalent of 72p in business taxes for every £1 of pre-tax profit, while hospitality businesses pay 82p. The report argues this is reducing investment, costing jobs and contributing to empty units on high streets across the country.
That raises an interesting question.
What's more important for the future of our town centres?
~ Investment in regeneration and infrastructure?
~ Creating an environment where businesses can afford to invest, recruit and grow?
The reality is probably that we need both.
Stockton shows what's possible when a town centre is reimagined, but it's early days. Long-term success still depends on the businesses that occupy those shops, cafés, restaurants and offices being able to thrive.
If you're a local business owner, what do you think is the biggest challenge facing Teesside's high streets today?
