Bank closures - Call for Views

 Economy, Jobs and Fair Work Committee

Bank closures: impact on local businesses, consumers and the Scottish economy

Call for views

Background

According to official figuresthe number of bank branches across Scotland reduced by a third between 2010 and 2017. The Economy, Jobs and Fair Work Committee is launching a short inquiry with the following remit:

To examine the impact of bank branch closures in Scotland on local businesses, consumers and the Scottish economy and to explore what steps can be taken to address any issues identified by the Committee.

The Committee wants to hear the views and experiences of as many people, businesses and organisations as possible, so it is now seeking written views on the following themes. 

Impact of bank closures on local businesses and the local economy

1. Has your business been affected by closures of local banks or will such closures impact on your business in the future?
2. If so, in what way? What could be done to mitigate any negative impact?
3. Have you received business advice and support from your local bank? What is or will be the impact of local bank closures on the provision of such advice and support?
4. Are there any ways in which such advice and support could be accessed through different channels?
5. Have closures of local banks had, or will future closures have, an impact on the wider local economy? What steps could be taken to mitigate any negative impact on the wider local economy?
6. Is there (or is there likely to be) reduced footfall in towns or areas where local banks have closed or are due to close?
7. How have or would local bank closures impact on tourism in your area? 
8. What should happen to the bank premises when they are vacated by local banks? How does this impact on the local High Street?

Impact on consumers and other organisations and on the community

9. Will future closures of local banks impact on you as a consumer or local organisation, or have you already been affected by such closures?
10. If so, in what way? What could be done to address any negative impact?
11. Will closures of local banks impact on the local community, or has your local community already been affected by such closures?
12. If so, in what way?  What could be done to address any negative impact?
13. What is the impact of local ATMs closing or imposing charges for transactions?

Alternatives to local banks

14. What are the alternatives to local banks?
15. Are Credit Unions, Post Offices or internet banking suitable substitutes for local banks?
16. What are the barriers to success for any alternative to local banks?
17. What steps could be taken to address these barriers?

How to submit written evidence

Before making a submission, please read our policy on treatment of written evidence by subject and mandatory Committees. In line with that policy, submissions will normally be published on our website.

Written submissions should be reasonably brief and typewritten in Word format (preferably no more than 4-6 sides of A4 in total).

The deadline for receipt of written submissions is Friday 13 April 2018.

Owing to the timescales normally required for the processing and analysis of evidence, late submissions will only be accepted with the advance agreement of the clerk.

The Committee prefers to receive submissions electronically. These should be sent to: economyjobsandfairwork@parliament.scot

Hard copies may be directed to:

Economy, Jobs and Fair Work Committee
Room T3.40
Scottish Parliament
Holyrood
Edinburgh
EH99 1SP



[1] The Office for National Statistics Inter-Departmental Business Register

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