Support local businesses this Small Business Saturday

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Support local businesses this Small Business Saturday
Credit: Lucian Milasan / Shutterstock.com

This Saturday sees the return of Small Business Saturday, and the Federation of Small Businesses is encouraging people to show their support for local businesses.

Now in its fifth year, Small Business Saturday shines a light on the diverse range of brilliant small firms across the country.

It is especially prudent as small businesses are up against a weakening economy and rising costs.

Small businesses are vital to the local communities and now it’s your opportunity to celebrate their contribution to the economy by shopping small this weekend.

FSB research shows that for every £1 spent with a small or medium-sized business, 63% cent is re-spent in the local area – compared to 40p in every £1 spent with a chain or larger business.

Last year customers spent £717 million with UK small businesses on Small Business Saturday, an increase of 15% on 2015 spending.

Of course, the campaign is not just about retail. Small businesses play a huge role throughout the supply chain and in every single sector of the economy. So this week, why not show your local small business community some love.

Doug Balderson, FSB Regional Chairman for Greater Lincolnshire & Peterborough, said: “This year marks five years since the inception of Small Business Saturday, and it is great that the campaign has been so successful in highlighting and promoting small businesses working hard across our region.

“Many of them are facing mounting pressure, with a record proportion of business owners currently expect to downsize, sell or shut up shop.

“Of course, it’s important to support these businesses throughout the year and, particularly as the festive season draws closer, Small Business Saturday is a great way to encourage shoppers to back their local small firms.

“There has been a great build up to the day so far with daily celebrations of the Small Biz 100, which included many of our members.

“FSB has long supported the initiative and the important work it does to highlight the hard-working small firms and we hope even more people get behind the event this year.”