Post Offices deliver £1.1bn lifeline to struggling high streets

Post Offices deliver £1.1bn lifeline to struggling high streets

// Research finds visits to Post Offices help drive 400m visitors to other shops & local businesses
// Post Offices also provided an estimated £1.1bn in additional revenue for high streets
// 43% of small businesses say they would not be able to continue functioning without Post Offices
New research has revealed how much of a vital role Post Offices play in high streets, providing a boost of more than £1 billion for surrounding retailers and businesses.
The Public First research, commissioned by the Post Office, found that 33 per cent of respondents said that on their last trip to the Post Office they had stopped at another shop, café, pub or restaurant.
This resulted in an additional 400 million visitors to these local businesses, generating £1.1 billion in additional revenue.
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The research also showed that 82 per cent of the public see local Post Offices as an essential service, with young people valuing it almost as much as older people.
Summing up just how important the local Post Office is, it came out as the top choice when respondents were asked what would make up their ideal high street – far ahead of stalwarts like a supermarket or a GP’s surgery
Small retailers also rely on Post Offices to keep their businesses functioning – with 43 per cent of small businesses saying they would not survive without a local branch.
There are 11,500 Post Office branches across the UK with around 4000 open seven days a week.
Small online retailers and other businesses that are based from home offices use their branch to drop off parcels to fulfil customer orders.
Independent retailers also depend on a branch to deposit a day’s takings.
“Local post offices are a lifeline for communities across the UK as they are the place to go ...
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