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The Leader presented the Motion on notice to Council as follows :-
The closure of this branch on Gorleston High Street will have a significant impact on the local community, particularly affecting vulnerable residents, small businesses, and those with limited access to online banking services. The last surviving physical banking branch in the local area has been a cornerstone of our community, providing essential banking services and support to many who rely on face-to-face interactions for their financial needs.
The Leader here advised that he had slighted amended the request to include asking the Chief Executive Officer of the Borough Council to write to the Chief Executive of Lloyds Bank, the request was now as follows :-
The Council requests the Chief Executive Officer of Great Yarmouth Borough Council writes to the Chief Executive of Lloyds Bank to:
- Reconsider the decision to close the Gorleston High Street branch, taking into account the significant negative impact on the local community.
- Explore alternative solutions to ensure continued access to essential banking services for Gorleston residents, such as maintaining limited branch hours, implementing mobile banking units, or partnering with local businesses to provide banking services.
- Engage in a constructive dialogue with the Council and the community to address our concerns and work collaboratively towards a resolution that supports the needs of Gorleston's residents and businesses.
Councillor Candon here seconded the Motion.
Councillor Candon reported that in his opinion it was very disappointing to hear that Lloyds Bank planned on closing what will be the very last bank on Gorleston High Street. He stated that this isn't just about a building shutting its doors, it was about the erosion of a vital service that supports the residents, local business and local economy
Councillor Candon further stated that for years, this bank had been more than a financial institution. It had been a cornerstone of the High Street, offering essential services that cannot be fully replaced by online banking. Many of the elderly constituents, face-to-face banking is not a Luxury but a necessity, these residents rely on personal interactions, familiar faces, and the security of knowing that they can manage their finances in a trusted environment.
Councillor Candon commented that the digital divide remained a significant barrier, leaving a portion of the population vulnerable and underserved. He advised this divide had been highlighted during the pandemic.
Councillor Candon advised that small businesses, the backbone of Gorleston's economy, also stood to suffer greatly. These enterprises depended on the bank for daily transactions, cash handling, and financial advice tailored to their unique needs. Without local banking services, our businesses will face increased costs and logistical challenges.
Moreover, the presence of a bank contributes significantly to the local economy by drawing foot traffic that benefits all businesses in the area. Banks act as an anchor, attracting customers who then shop, dine, and spend time in the town. Councillor Candon advised that in his opinion the closure of this bank could lead to a ripple effect, where reduced footfall impacts other local shops and services, leading to further closures and a decline in the vitality of the High Street.
Councillor Wainwright advised that fully agreed with the comments made and fully supported the Motion, he passed on his thanks to Councillor Barbara Wright who had initially raised concerns regarding the proposed closure of the bank and hoped that by raising the concerns and writing to the Chief Executive of the Bank this matter could be resolved and result in the bank not closing.
Councillor T Wright commented that he felt there had been a number of warning signs whereby people are being deterred from using banks and that every effort must be taking to ensure there are facilities for people to use even if this resulted in a banking hub. He commented that he felt it was a tragedy that people were being pushed into a cashless society and hoped that this matter could be resolved.
Councillor Smith here provided his summing up of the motion and commented that in light of recent events that had happened such as the crash of payment systems, meaning people were having to revert to cash payments, there was a need to ensure the banking facility is retained and available for residents to use.
Proposer : Councillor Smith
Seconder : Councillor Candon
RESOLVED :
That the Council requests the Chief Executive Officer of Great Yarmouth Borough Council writes to the Chief Executive of Lloyds Bank to:
- Reconsider the decision to close the Gorleston High Street branch, taking into account the significant negative impact on the local community.
- Explore alternative solutions to ensure continued access to essential banking services for Gorleston residents, such as maintaining limited branch hours, implementing mobile banking units, or partnering with local businesses to provide banking services.
- Engage in a constructive dialogue with the Council and the community to address our concerns and work collaboratively towards a resolution that supports the needs of Gorleston's residents and businesses.
CARRIED