What: A new report by research consultancy Public First reveals that Primark generates a substantial economic boost to UK high streets, with every GBP 10 spent at Primark leading to an additional GBP 3.60 spent in other local businesses.

Why it is important: This finding highlights the positive impact Primark has on the broader retail and hospitality sectors, contributing significantly to the overall health and vitality of UK high streets.

According to the report by Public First, Primark's presence in the UK has a multiplier effect on local economies. For every GBP 10 spent at a Primark store, an additional GBP 3.60 is spent in other stores, restaurants, and cafes, resulting in a total annual boost of GBP 1.5 billion to UK high streets. The report also indicates that Primark contributes GBP 2.6 billion annually to the UK economy. This data underscores the importance of Primark as a anchor store that attracts foot traffic and stimulates spending in surrounding businesses, thereby supporting the economic viability of high streets across the UK.

Primark’s impact on local businesses totals GBP 1.5 billion