The future of Liskeard's business community hangs in the balance as the town's last remaining bank branch faces closure. This is a critical issue that could have far-reaching consequences for the local economy.
Traders in Cornwall are voicing their concerns, fearing that the loss of Santander's branch will further diminish foot traffic into Liskeard, a once-vibrant market town. The pandemic has already taken a toll, with the closure of Lloyds and Barclays branches, and now, the impending departure of Santander on May 20th has businesses worried.
But here's where it gets controversial... Santander UK attributes these changes to the shift towards digital banking. They claim to be adapting their services to meet customer needs, investing in various branch formats and digital banking services. However, the impact on local businesses is undeniable, with independent stores closing their doors.
Link, the UK's cash machine network, doesn't recommend any new or improved cash access services in Liskeard, stating that the area already has suitable facilities within a three-mile radius. This decision has left many feeling overlooked and concerned about the future of their town.
Rob Wilkinson, owner of the Fat Frog Cafe, believes the loss of Santander is another blow to the town's business landscape. He highlights the recent closures of at least four other businesses in the past year, emphasizing the impact on footfall and, consequently, on his own cafe.
In contrast, the neighboring town of Bodmin offers a different perspective. After losing all its bank branches, a Banking Hub was recommended for the town in 2023. Nimalsan, the operator of this hub, also owns the local Post Office and convenience store. He believes the hub is a positive development, bringing more customers to the town and providing much-needed support to the high street.
Resident June Jones is a testament to the hub's success. She relies on the hub's services, especially as someone who doesn't use the internet for banking.
So, is the Banking Hub the solution to keeping local businesses afloat? Or is the shift towards digital banking an inevitable and necessary progression? What do you think? Share your thoughts in the comments and let's spark a conversation about the future of our local communities and the role of banking services.
