Nag’s Head Town Centre is a hub for small businesses that together create a unique offer of services and retail in the town centre. During the engagement, local stakeholders and Islington Council asked for stronger connections between businesses to continue the work on community wealth building.

The ongoing work of the Nag's Head Town Centre Management Group (NHTCMG) would be supported by setting up Traders’ Associations focused on localised issues and representing the interests of small businesses in different parts of the town centre. It would help create stronger connections between independent businesses and build on the range of support offered by Islington Council that is promoted through its Business Support Bulletins. This would help strengthen businesses to make sure that Nag’s Head Town Centre continues to be a hub for small businesses. The Traders' Associations would also help with enhancing the voices of small businesses when decisions are made for the future of the town centre.

Building on Islington Council’s Together Greener initiative, this proposal could also encourage a more inclusive and sustainable economy in the area by offering businesses support on sustainable trading like reducing carbon emissions and energy consumption. Many businesses in the area already support each other by buying goods and services locally. To support community wealth building, the Traders' Associations could include a business-to-business network that bolsters the local economy by encouraging more traders to buy goods and services from each other.