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Inishowen parish savings bonanza 04.12.08

by Damian Dowds and Simon McGeady, Inishowen Independent

AS HUNDREDS of thousands of euro flooded into the Inishowen economy over the past week local shoppers have been urged to give the economy here a much-needed boost by spending their cash in Inishowen.
Hundreds of people across Inishowen have thousands of euro to spend from this week as parish saving schemes mature, the double social welfare payment and the €22 million to Donegal farmers under the single farm payment is paid.
Local traders have encouraged the public to splash the cash here in Inishowen, insisting that there is plenty of value for shoppers if they stay and shop in the peninsula. Parish saving schemes in Malin, Buncrana, Iskaheen, Clonmany, Burt, Inch and Fahan have paid out in the last week returning large sums of money to parishioners who saved over the past 11 months. Many use the scheme as a savings plan to pay for Christmas and businesses have reported an upturn in trade in recent days.
Coffers have been further boosted as many of the 3,000-plus local people in receipt of social welfare payments will receive their Christmas bonus, the so-called ‘double week’, this week, while the Department of Agriculture yesterday started issuing balancing payments to farmers under the 2008 single payment scheme.
Rona McLaughlin, spokeswoman for the Buncrana Chamber of Commerce, encouraged people to shop local where possible and seek out bargains.
“There’s a lot of good deals to be had here in Buncrana, there’s certainly good value to be had when looking for Christmas gifts and presents,” she said. “People should seek out the promotional offers and the sales that are ongoing.”
Carndonagh Chamber of Commerce founder member Patrick McCarroll says it’s important shoppers look at the big picture when they come to do their Christmas shopping.
“It’s important to support local traders because they are the ones that provide long term jobs. Local retailers have been a continuous source of sponsorship for social and sporting organisations, and shoppers should recognise and acknowledge this fact when they are spending their money in the run up to Christmas,” said Mr McCarroll, adding there was good value to be had by shopping in Carndonagh.
“Shopping in Buncrana and its environs benefits the local economy and helps preserve local jobs,” Rona McLaughlin agreed. “The customer benefits too by availing of the good value to be had locally.”
The Buncrana Chamber estimates that 48 cent of every euro spent locally remains in the local economy.
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