Why support your local businesses?

23 September 2019

We understand the importance of supporting local businesses. 

Our head office is located in Trowbridge, the county town of Wiltshire.  We have been providing Debt Recovery and Credit Control services to hundreds of local businesses for the past 19 years.  We look to provide our local economy with a number of services including Debt Recovery, Credit Management and Outsourced Credit Control.  We understand how important high streets and small businesses are to local people, so we ensure their Sales Ledgers are as clean and as up to date as possible to improve Cash Flow and to reduce Bad Debt.

Here is a list of just a few reasons why you should support your local economy.

Research shows that just £10 spent with a local independent shop means £50 back into the local economy. This means that you can indirectly make a big impact on your local community with very little cost to you. 

Creating local jobs: When there’s an increase in demand, there's always an increase in supply. Buying or using the services of a local business can boost the employment rates in your area by increasing the need for more workers.  

Building relationships: It is reassuring to have a local business to go to, someone to talk face to face with.  Larger companies will often provide you with a phone number for their customer service team, which is often not in the UK, to then be put through to a call centre.  This is simply not the case with a local business.  They often prefer to meet face to face to engage with you so that your wants and needs can bet met.

The environment: The attraction of next-day delivery makes it hard to resist shopping online. However, when you add up  the costs of that delivery on the environment, packaging and the fuel to transport the goods, buying local is much better for the environment. 

Encouraging Entrepreneurs: Shopping locally and using the services of businesses in your local area supports local entrepreneurs and by helping their businesses to grow, you’ll be helping the local economy by increasing the number of jobs in your area.  

Helps add character to your local area: The local businesses in your high streets give your community an individuality that won’t be found anywhere else, helping to attract visitors and tourists to your local area.  

At Collection House we like to show our support to the local community by hosting regular charity events and also by offering clients within a 20 mile radius special offers such as "first debt referral free".  We also believe in using local suppliers for our business needs to ensure we do our bit! 

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