Richmond Launches Magic Tenner Campaign to Boost Local Spending

Spending ten pounds locally makes a big difference. Paul Harrison explained why this boost matters. Local businesses buy from other local businesses. Your ten pounds helps them keep buying from suppliers. Money circulates within Richmond’s economy. This strengthens Richmond.

Small businesses thrive as a result. Richmond becomes a better place. Online shopping sends money elsewhere. Large chains have a similar effect. Most or all of the money leaves.

Shops show how many local suppliers they use. Posters will highlight this. Supporting one business aids many others. This includes makers, growers, and more. Even buying lunch matters to the economy!

The New Economics Foundation supports this idea. They found ten pounds becomes fifty. The money re-spends within the town. This cycle boosts the local economy.

Chris Sands founded Totally Locally. He sees great responses to campaigns. Foot traffic and sales increase surprisingly. People see it as helpful during hard times.

Magic Tenner offers great deals. Shops support communities. People support local shops. It helps make towns better places. It creates a win-win situation.

Many Richmond businesses participate. Angel’s Share Bakery will have deals. So will Arthur Caygill Cycles, and others. Mocha and The Cheese Press participate also. The Sweet Stop gets involved, too.

BIRA sponsors the Magic Tenner campaign. They represent independent retailers well. BIRA fights for fairness in the retail sector.