The SK8 Retailers page
1. Your spending will boost the local economy
Research on spending by local authorities 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.
High streets populated with thriving independent businesses boost the prices of nearby homes, according to a recent study. The research by American Express found that house prices near a prosperous town centre have risen by an average of £40,000 more over the past decade than other properties
2. You will be supporting British entrepreneurs
Artisan markets help foster the talents of the next generation of British designers and retailers. "[They] are hotbeds of innovation," says Mike Cooksedge, founder of SeeMyLocalMarket. "There is a constant turnover of new products, and sellers listen to customers' demands. If a certain pie filling is popular, for example, a pie company will respond to that and quickly supply more of them – and you can suggest things too, so you can even have a bit of influence over the products on sale."
3. You can help build communities
Bookshops, cafes and craft shops often drum up custom by hosting events, from book groups to knitting clubs and children's events. If the businesses are not supported, the local groups tend to disappear too.
Markets also often give space to community groups and social enterprises, says Ellie Gill, campaign manager at Love Your Local Market. "Markets can have a community value, as there is often a social purpose to stalls – they can be public spaces as well as retail outlets."
4. You might get a better deal or some good advice
Local bakers throw in extra bagels for regulars; grocers give informal 10% discounts; and market stall holders are prepared to negotiate on prices. Independent retailers can use their discretion to reward regular custom, and it can mean you get discounts on the items you actually want to buy, rather than being tempted by multi-buy offers in the big chains.
If you get to know your independent trader they should be able to recommend products to you, says Michelle Ovens, national campaign manager for Small Business Saturday. "For example, if you have a particular dietary requirement they can be great at telling you all about products you may wish to buy."
5. House prices improve with a thriving village.
High streets populated with thriving independent businesses boost the prices of nearby homes, a new study has concluded
According to the American Express High Streets Ahead study houses near town centres full of prospering small traders have climbed by an average of £40,000 over the last decade.
The rise in property values was 17% higher than the growth in comparable areas with proportionally fewer independent traders.
The report goes on to suggest that homeowners living close to a flourishing local high street could see the value of their property outperform similar homes elsewhere by as much as £70,000 over the next 10 years.
The study identified five high street hot spots – good examples of areas with thriving independent retailers which looked set to prosper over the next five years: Whitstable in Kent; Marlborough, Wiltshire; Hungerford, Berkshire; Totnes, Devon, and Yarm in North Yorkshire.
It found that consumers living in areas with a higher proportion of small, independent businesses spent an average 21% of their annual retail budget shopping locally, compared with those living near fewer independent traders, who spent 6% locally.
American Express UK managing director Colin Walsh said: "This report identifies what we're calling the 'shop small effect', which is the reciprocal benefit consumers can enjoy simply by supporting their local independent traders."
Some of our local retailers in SK8
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