Home » Scheme to stimulate Glasgow’s high streets ‘bold and imaginative’, says SRC

Scheme to stimulate Glasgow’s high streets ‘bold and imaginative’, says SRC

by fastnewz

GLASGOW’S plans for a £9 million shopper stimulus scheme to assist lower-income households and increase the town’s excessive streets have been described as “daring and imaginative” by the Scottish Retail Consortium.

The commerce physique’s director, David Lonsdale, recommended the proposals by Glasgow Metropolis Council to assist much less well-off households and provides a “much-needed shot within the arm to the town’s consumer-facing economic system”.

“It has been a tough two years for retail locations which have been left reeling by the affect of the pandemic, related Authorities restrictions, and financial uncertainty,” he stated. “Retailers will solely survive with the patronage of the general public and questions stay over what demand will seem like for the rest of the 12 months given the cost-of-living crunch.

“This shopper stimulus scheme ought to increase retail within the metropolis and should even set off extra spending by buyers past the worth of the voucher transaction, creating an excellent bigger financial multiplier.”

Shops, Mr Londsdale famous, had been “left reeling by the pandemic and weak economic system”, including: “Retail gross sales progress is tepid, retailer vacancies stay elevated, and shopper footfall remains to be nicely under pre-pandemic ranges. Glasgow’s shopper footfall in Might was 12 per cent decrease than the comparable interval previous to Covid.”

He additionally instructed {that a} retail voucher or excessive road stimulus scheme ought to be thought-about in different components of Scotland as a method of reigniting shopper spending and transactions. Northern Eire and Jersey launched voucher schemes within the second half of final 12 months to spice up their economies.

Glasgow’s scheme will profit 85,000 households which is able to obtain a £105 voucher or present card this summer time. The council acquired Scottish Authorities funding for the initiative by way of the Scotland Loves Native marketing campaign.

Playing cards can be utilized in registered companies in Glasgow, with greater than 700 companies of all sizes registered throughout the town to date.

The Scotland Loves Native marketing campaign is geared toward encouraging folks to “suppose native” first and assist companies on their excessive streets.

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