The Crawshaw Group has fallen into administration, leading to the loss of 350 jobs.

The Yorkshire-based chain of butchers is the latest to be hit by the difficult high street conditions and has shut two-thirds of its stores.

On Friday, the group appointed Ernst & Young as administrators.

The store will keep 19 stores open, employing 261 people.

Crawshaw has been hit by rising rents, higher business rates and falling consumer confidence amid Brexit uncertainty.

The group released a statement after announcing its collapse saying that the board had “taken the decision to place the company into administration and intends to appoint administrators shortly with the purpose of seeking buyers for the group’s business and assets on a going concern basis.”

The firm reported pre-tax losses of £1.7 million for the first half through to July and despite extensive discussions with existing and prospective investors, the company said that they had “not been successful in raising sufficient capital”.

Other retailers including Evans Cycles, House of Fraser, Toys R Us and Maplin have been hit by the current retail environment.

Philip Hammond recently announced a £1.5 billion high street regeneration plan.

“We propose a new permitted development right to extend certain existing buildings upwards to provide additional, well designed, new homes to meet local housing need,” said the planning reform consultation document.

“National planning policy is clear … we should make effective use of previously developed land and buildings, including the airspace above existing buildings, to create new homes.”

The business was founded in 1954. Shares have been suspended from trading.