Regional Economic Multiplier Effect

The Regional Economic Multiplier Effect estimates that £1 spent locally with another local business will be spent with a further 5 or 6 businesses, each benefiting from the £1… therefore being worth £6 or £7 to the local economy.

Spending that £1 with a large organisation with routes elsewhere means that it goes straight out of local circulation and into a different economic eco-system, having a minimal impact locally.

keep trade local

The Federation of Small Businesses started a campaign a few year’s ago and this summer the local Thames Valley Region plan on re-engaging with its core message by running…

 

KEEP TRADE LOCAL CHALLENGE – 29th July – 4th August 2013
Join our Challenge to buy local for 1 week and win £300

It’s simple just shop from, and use, local businesses from the 29th July – 4th August…
From butchers, bakers, local markets, independent builders, farmers markets and local pubs etc…
The shops and businesses need to be local and independent to qualify.

Register your interest in this campaign here…

Thank you.

Jon
07717 820823

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