The Tenerife Consumer Bonds are sold out in four days after the application period opened last Monday with a total of 11,534 units sold for a value of 600,000 euros. The initiative of Council of Tenerifethrough the Insular Foundation for Training, the Employment and Business Development (Fifede), has reached more than 350 businesses in 23 municipalities on the Island.
Likewise, 5,500 bonds have already been exchanged, half of those that were purchased, with which 225 businesses are already benefiting from this incentive. Six out of every ten bonds have been acquired in the smallest municipalities of the island, with which, according to the island councilor for Socioeconomic Development, Carmen Luz Baso, “we achieved the objective of decentralizing purchases from large population centers, which tend to be more attractive, and take them to the smaller core stores. The rest, 38% of the bonds, has been distributed among Arona, Adeje, Puerto de La Cruz, La Laguna and Santa Cruz.
In accordance with the rules of use, each consumer can use a maximum of two bonuses in each purchase, regardless of its value, so it will be possible to obtain discounts of up to 60 euros in a single purchase. The business will receive 50% of the value of the redeemed vouchers within a maximum period of two weeks, from the date of purchase.
A value of 600,000 euros
The Cabildo de Tenerife put bonds with a total value of 600,000 euros on the market, which go directly to shops, cafeterias, restaurants and service-providing businesses. Bonds with amounts of 10, 30 and 60 euros have been put up for sale in which the Cabildo de Tenerife pays 50%, while the other half must be paid by the consumer. Information regarding participating businesses and bond exchange terms can be found at www.bonotenerife.es.
The island councilor for Employment, Socioeconomic Development and Foreign Action, Carmen Luz Baso, highlights the boost to sales that this initiative represents for small businesses and points out that people who have purchased the purchase vouchers have until November 30 to redeem them in the shops adhered to this campaign.
throughout this month
The second edition of this year of these vouchers with discounts to encourage purchases in Tenerife will last throughout the month of November. Consumers of legal age may acquire the maximum number of 10 vouchers in any of their types.
The consumer may make a maximum of two purchases in the same establishment, and they must be the same on two different days. The maximum number of bonuses that can be used in a purchase is set at two, regardless of their amount. The difference between the purchase price and the voucher will not be refunded, nor will the amount of unused vouchers be refunded. In the case of a return, it will be replaced by another product from the same establishment.
