COMMUNITY NEWS
Buying Local
A report from data agency Kantar, found that 65 per cent of UK consumers believe that ‘local shops and businesses are important to the community.’ Well certainly in the case of local food and farming, it means fewer carbon emissions from fewer miles travelled, will often be fresher, better quality, will taste better and is more likely to be ‘plastic free’ in terms of packaging. On top of all these benefits money is reinvested back into the local economy, creating more jobs and improving job security.
pl A h ac a e t pp ob y ...
A number of research companies have been taking a closer look at how money flows in and out of areas and have noticed profound economic impacts of keeping money within a community. This flow of money in and out can quite literally make all the difference to a community, town or even village’s survival. Research by The New Economics Foundation, found that twice the money spent in local shops or at a farmers’ market, in comparison to that spent in a supermarket, would stay within the local community. The community can then benefit by spending it on services, support facilities and investment in new businesses and jobs. This in turn also means money spent locally can help save our towns from losing local shops and services.
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Perhaps more surprisingly, buying local has implications on a global scale. Just a small increase in exchange rates or the rise of oil prices globally could see the cost of many imported products rising. Therefore by supporting our own producers and manufacturers, this gives us more resilience to cope with future global fluctuations. Another perhaps overlooked bonus to buying local, which we’ve particularly seen during the past few months, is its ability to give us a vital source of human contact, helping us all stay mentally and socially healthy. As you can see, buying local products, using local services and supporting our local manufacturers, gives us so much more than just a feel-good factor! As such I would urge you this year to support the amazing local businesses and food producers we have across the region. So please think local and buy local. Liz Abell Managing Director, The Diverse Regeneration Company
The Diverse Regeneration Company, a not for profit CIC, supports rural and coastal businesses and community organisations; it can assist with securing grant funding for projects in sectors such as farming, forestry, tourism and community, and help with many aspects of business from project planning, diversification, bid writing and more.
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Liz Abell from The Diverse Regeneration Company, explains how money spent locally creates a vital ‘circle of life’ that helps maintain our communities and longer-term local economic stability.
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