Spend Local gives economy a £9m boost

AROUND £9 million has been pumped into the Jersey economy through the £100 Spend Local cards.

(29479353)
(29479353)

The government last month issued all Islanders with a £100 card designed to be spent in local businesses with the intention of stimulating the economy that was hit by the pandemic. The scheme cost around £11m.

And Islanders who have not yet spent their cards have until tomorrow to use them, when the balance will expire. All money not spent will revert to the Treasury Department. A total of 102,700 cards have been activated with 97,000 Islanders using their cards at least once.

Chief Minister John Le Fondre said: ‘We want to encourage all Islanders to spend their remaining balance in the next few days to avoid a last-minute rush on Saturday, which we know will be a busy day in town. Anyone who isn’t sure how much they have left on their card can check their balance at any regular bank ATM or online. They can also call 0800 735 0044.

‘Once the scheme comes to a close on Saturday, I’d encourage Islanders to continue the spirit of the scheme, spending locally with their favourite businesses and playing their part to help support and stimulate our local economy. With the 2% reduction in Social Security contributions, and more money in their pockets, I am confident Islanders will do their bit to continue to Spend Local.’

Ministers have previously said that they may consider repeating the scheme should it prove successful. As such Islanders are advised to keep their cards after 31 October, in case they are topped up in the future.

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