Local shops have invested over half a billion pounds in their businesses during the past year, according to the Association of Convenience Stores.
The new research, conducted as part of the ACS Investment Tracker, revealed convenience store owners have primarily invested in refrigeration improvements, energy efficiency measures and full store refits.
Thirty-six per cent of the spend has gone into refrigeration, 26% on improved shelving, 21% on internal maintenance, 16% on lighting and 15% on updated store signage.
“These figures show the significant and essential contribution that convenience stores make to the UK economy,” said ACS chief executive James Lowman.
“As well as over 400,000 people being directly employed in stores, in the past year we put £596m into equipment manufacturers, shop-fitters and tradesmen. Local shops really are the everyday entrepreneurs that drive sustainable growth in local communities up and down the country.”