See video at http://youtu.be/iEVrc86Aig8
Economic localisation has often been argued from a range of perspectives, such as being a better way forward and being more sustainable, but rarely has the economic case to back it up been clearly set out. The Blueprint concludes that:
- Although nationally 97% of grocery sales go through just 8,000 supermarkets - in Totnes 26% of money spent on food is already spent with a thriving web of local businesses. Plans to bring just 10% of the £22 million that currently leaves the local food economy to local businesses by targeting everyday items that could be bought cheaper locally would provide a £2.2 million boost to the local economy;
- Making homes in the area more energy efficient could be worth between £26 and £75 million: preparing local businesses to deliver just 10% of this value would be worth at least £2.6 million to the local economy;
- Developing local renewable energy potential could generate £6.4 million energy each year: building local demand and preparing local businesses to deliver as much of the supply chain as possible for just 10% of this potential contributes over £600k per year to our local economy.
Full report is here
Follow the story at the transition network site