18 Nov 2020
This year, Small Business Saturday will be held on 5th December 2020. This will be the eighth year it has been held in the UK, and it was set up to highlight the importance of small businesses to local economies and encourage shoppers to use independents more often. In 2019, a record 17.6 million people shopped locally on Small Business Saturday, generating around £800m worth of revenue.
So, why are we being encouraged to support local businesses? Well, for one, the money you spend will stay in your local community and ultimately benefit you! Small businesses are much more likely to support other local businesses because the owners understand that this helps each other and also keeps the local economy buoyant. With a prosperous business community comes more jobs, more shops and more facilities for everyone living in the area, generating more local taxes that enable the Local Authority to provide the services needed to ensure your area is a great place to live. Everybody wins!
Hopefully, the 2020 Small Business Saturday will be able to celebrate local businesses without any local lockdowns. After such a tough year, it’s more important than ever to support your local businesses – whether that’s going to your local UOE Store for cards, gifts and stationery; visiting an independent bookshop to ask for recommendations for Christmas presents; buying the meat for your Sunday roast from the local farm shop; contacting a local tradesperson to help with home repairs or improvements; or having lunch in a local café, dinner in a locally owned restaurant, or a drink in an independently owned pub.
As the day is held on a Saturday, you are more likely to get involved with events at your local shops, many of which will organise activities or have offers and promotions. However, the awareness campaign covers small businesses across all sectors and celebrates them every year in its Small Biz 100 – highlighting one small business a day for the hundred days before Small Business Saturday.
At the UOE Hub in the centre of Hertford, we celebrate small businesses every day. We provide a professional working environment for start-ups and small businesses, giving them the opportunity to concentrate on their core business without having to worry about office furniture, utility bills, WiFi, maintenance or cleaning – we even provide the tea and coffee! Hub residents pay an affordable monthly fee that covers all these costs, which means they can stay on top of their accounts without the need to budget for the unexpected, such as repairs.
And with so many business people together in one Hub, they get the added benefit of colleagues they can network with… and do business with. Get in touch!