Monday, September 25, 2023

The Balearic Islands are giving out 60,000 vouchers to citizens to buy in small businesses

The self-employed and SMEs in the commercial sector in the Balearic Islands still have it until next September 15th to request Take part in the new bonus promotion to encourage consumption on the islands. With this initiative, the government wants to achieve local distribution 60,000 checks of 15 euros each, so citizens buy in store.

The Ministry of Economy, Employment and Energy has launched an initiative new Balearic Bond campaign with the aim of, Stimulate purchases from small and medium-sized businesses the community. Promoted by the General Directorate for Enterprise, Self-Employed and Commerce, this program has a budget of 875,000 euros in commercial loans managed by the Mallorca Chamber of Commerce as a collaborating entity.

This is the second edition of the regional government’s bonds to encourage citizen consumption in small businesses. These are bonds worth almost 900,000 euros They are used for purchases in any type of small business who joins the campaign, regardless of the industry.

How do small business guarantees work in the Balearic Islands?

The action consists of the distribution of total 58,347 bonds at 15 euros, exchangeable for purchases over 30 euros. Any citizen over the age of 16 and registered in the Balearic Islands can apply for up to four vouchers, ie maximum discount of 60 euros.

The affiliated companies must Ask the customer for their ID or equivalent document to confirm that you meet the requirements and have available credit.

Two phases of distribution and issue of bonuses for traders

As explained by the Balearic Ministry of Economy, the bonus program will be implemented in two phases: on the one hand and until September 15th Merchants interested in promoting consumption in their business can apply for membership from companies to the campaign through the platform activated by the Balearic Government.

All they have to do is go to the link, register their username and password in the “Access to facilities” section and confirm that they wish to take part in this second edition of the bonuses.

On the other hand, from October 2nd to December 31st It is the citizens who can request up to four of the nearly 60,000 bonds to exchange and receive discounts at participating stores.

The bonuses can be accumulated in a single purchase or in several, such as sand can be traded in a single trade or in multiples and they must be requested directly in stores (they do not apply to internet purchases).

Nation World News Desk
Nation World News Desk
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