- December 5, 2017
- Posted by: Vikki Howells MS
- Category: Latest News
Saturday the 2nd of December was Small Business Saturday and Vikki Howells, Assembly Member for Cynon Valley is encouraging residents to shop locally.
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.
Shopping local also makes good economic sense. Research on spending shows that for every £1 spent with a small or medium-sized business 63p stayed in the local economy, compared to 40p with a larger business.
Small Businesses also help build communities and are a lifeline of contact and support for many vulnerable residents.
Vikki Howells said:
“Small Business Saturday is a fantastic initiative and I congratulate everyone involved. Small businesses really are at the heart of our community in Cynon Valley and it is important to shop locally and support them as much as possible. Shopping local this Christmas and throughout the year helps our local economy by keeping money in our community.”
“The Small business Saturday campaign does so much more than organise this day. Their blogs are an invaluable source of information for small businesses, you can read it here https://smallbusinesssaturdayuk.com/blog”
Vikki Howells is also talking to small businesses in Cynon Valley constituency about the new Development Bank of Wales (DBW). The
Development Bank of Wales was set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance needed to start up, strengthen and grow.
The DBW was launched by the Welsh Labour Government last month and provides focused support for micro, small starts ups and innovative businesses across Wales. This will enable our SMEs to become fitter, bigger and stronger.
Vikki Howells said:
“Market failure to provide finance for small businesses is a real problem that is why the Welsh Labour Government set up the Development Bank and I would encourage businesses in Cynon Valley to find out more”