£500K project labelled 'biggest ever buy local initiative'
People are being urged to buy a new government gift card to boost spend in the local economy in the New Year.
The Department for Enterprise has branded the half a million pound LoveIOM idea the 'biggest ever buy local initiative'.
A limited number of the cards – which are available digitally and in physical form - are available with a bonus credit of 25 per cent (capped at £10).
Food, alcohol and accommodation can be purchased using the gift card in a bid to aid the hospitality industry in traditionally quieter months.
However certain expenditure – such as gambling, betting and tobacco – is excluded.
Minister Alex Allinson says the idea was initially suggested by the hospitality industry:
Gift cards can be used from 4 January 2022.
You can find out more HERE.
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