£100 voucher scheme generates £10m for economy

Tuesday 03 November 2020

More than 2,000 businesses have benefited from the Government's £100 voucher scheme, which saw around £10m pumped into the local economy.

Early indicators used by the Government show a last-minute spike in usage over the weekend, before the Spend Local scheme closed at the end of Saturday.

The spike followed a plea from the Government last week “to continue the spirit” of Spend Local, and for islanders to continue supporting local businesses once the scheme had ended. 

Pictured: The Spend Local scheme has seen money put into over 2,000 businesses.

Chief Minister John Le Fondré said: “I am delighted that islanders have really got behind the scheme and helped to distribute the money across such a large number of businesses. 

“This method of stimulating the economy adds another string to our bow and puts Jersey on the international stage as other jurisdictions look to us to see how we delivered this world-first scheme.  

“Islanders choosing to shop at their favourite local businesses have provided a much-needed boost to our economy while at the same time increasing consumer confidence overall.

“We will of course be going over the final data very carefully to see the full extent and effect of the entire scheme and publishing more information later this month. 

“And once again I would like to 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 – doing their bit to Spend Local.”