Community shops increase profit


Community shops in the South West are said to be bucking the economic trend by increasing their annual turnover.

Figures from the Plunkett Foundation, which supports rural communities, said of the 50 shops in Devon, Cornwall, Somerset and Dorset the average annual turnover was about £157,000 with an average profit of £5,000, up by 29% on 2010.

The community shop in Ide near Exeter has also managed to raise £100,000 by selling shares to locals in a bid to secure a permanent base for its community store.

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