The local money multiplier: what is it and why it is so important?

Some of you may have seen this already, but for those that haven’t, take a few moments to look at this slideshow. It looks at the multiplier effect of money spent in the local economy and takes a real life example of B&B’s in the Tyne. It compares their contribution to the local economy to that of larger chain hotels.

If you want to go into this in greater depth, I have put a link on the slide so that you can access and download the report.

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