- November 29, 2018
- Posted by: Lesley Griffiths AM
- Category: Latest News
This Saturday (1st December) is Small Business Saturday and Wrexham Assembly Member, Lesley Griffiths is hoping local residents will come and support local businesses on what will be one of the busiest shopping days of the year.
Small Business Saturday UK is a grassroots campaign, which highlights small business success and encourages consumers to ‘shop local’ and support small businesses in their communities. The day itself takes place on the first shopping Saturday in December each year, but the campaign aims to have a lasting impact on small businesses.
By shopping local, consumers can be sure that they are supporting their local community as research on spending shows for every £1 spent with a small or medium-sized business, 63p stayed in the local economy, compared to 40p with a larger business.
The Welsh Labour Government support small businesses through Small Business Rates Relief. The scheme in Wales supports three-quarters of small businesses with their rates bills and about half pay nothing at all.
The Welsh Government have also provided additional funding this year to local authorities to provide discretionary relief to businesses who need extra help with their rates bills. A range of other bespoke schemes including 100% rates relief for all childcare providers has also been initiated.
In total, the Welsh Government provides about £210m of support for businesses in Wales every year to help them pay their non-domestic rates bills.
Lesley Griffiths AM is looking forward to supporting this year’s event and said: “Saturday promises to be one of the busiest shopping days of the year in the run up to Christmas and Small Business Saturday does a wonderful job encouraging people to shop locally and support local businesses.”
“With the big FA Cup match at the Racecourse and Comic Con at Glyndwr University, Wrexham is set to be particularly busy this weekend and I hope town centre traders will reap the rewards.”
“Small businesses are the lifeblood of the local economy and I hope the campaign will have a lasting impact on our local businesses.”