- Just half of Test Valley small businesses survive after 5 years
- North West Hampshire MP issues rallying cry for Small Business Saturday
Kit Malthouse MP is urging people in North West Hampshire to use their small businesses or lose them, as we approach Small Business Saturday on 1st December 2018.
North West Hampshire has 4,980 small businesses, and they make up 99 per cent of all businesses.
Recent Test Valley figures show that just half of all businesses survive after 5 years of starting up in the region. Nine in 10 survived after the first year, however, this significantly dropped to just half (50.5%) of all businesses after 5 years.i
Kit Malthouse MP said:
“We’re very fortunate to have an array of excellent independents on our high streets in North West Hampshire but we must use them or lose them. Small businesses make up 99 per cent of all businesses here and I’m saddened to see that in Test Valley, half of them do not survive past five years – with our support we can change this.
“The Government is doing everything it can to help including investing millions in reviving our high streets and further slashing business rates, but you can help too. Small Business Saturday is coming up, and I urge you to take this opportunity to visit and shop at your local independents – use them or we’ll lose them.”
Annabel Drabble owns lifestyle boutique ‘At Last’ in Andover:
“If people don’t support their small businesses then we will all go, so if you want to see us on your high street, then please use us. Small Business Saturday is a very good idea, I hope it encourages people to come out in force on the day.”
Christine Mellor runs David Mellor family jewellers which first started as a market stall:
“Very simply, if people don’t support their small businesses, they will disappear. The face of the high street is changing, but if you use us, you can help us thrive in the years to come. Small Business Saturday is an excellent initiative, I look forward to seeing people on our high streets.”
Small Business Saturday takes place across the UK on Saturday 1st December – and Kit Malthouse will be joining small businesses in Andover.