Banking hub bid for Monifieth and Kirriemuir

Following the successful opening of a banking hub in Carnoustie, there has been considerable interest in the same being provided to two other towns in Angus, neither of which have a bank.

Morag Kuc
Monday, 21st August 2023, 3:07pm
Banking hub bid for Monifieth and Kirriemuir

Last week local MSP Graeme Day and councillors Lloyd Melville and Julie Bell, pledged to seek the removal of obstacles to Monifieth and Kirriemuir joining Carnoustie in secruing a banking hub. The trio met with representatives of LINK Cash Access Team to explore this aspiration.

Unfortunately, LINK advised that neither Monifieth nor Kirriemuir meet the current criteria due to having too few cash retailers in the town centres and meeting the population requirement of 7000 adults. Additionally, Monifieth is said to be too close in proximity to two banks in Broughty Ferry – although this is soon to be one as RBS close their branch.

In response the trio pointed out that the towns don’t just serve their immediate populations but also surrounding communities.

Mr Dey said: “Kirriemuir serves as a hub for the Angus Glens and Monifieth provides services for communities like Wellbank. It is essential that this is considered when assessing their eligibility.

“I also do not accept that proximity to Broughty Ferry should negatively impact the claims of Monifieth.

“As such Cllr Bell, Cllr Melville and I will be writing to the relevant parties seeking a change of criteria for Banking Hubs so that rural towns like Monifieth and Kirrie can benefit from the initiative. Something we were told is being considered.”

Cllr Bell said: “Kirriemuir serves a huge rural community with a wide range of small businesses and dispersed populations. I’m therefore hopeful we can gain some traction around a change in criteria to warrant further exploration of a suitable hub in Kirrie and I’m heartened this extension is already under consideration by the partners.”

Cllr Melville added: “Monifieth is a strong contender for a new banking hub – indeed, the town has been without banking facilities for years. With banks in neighbouring towns closing, the need for a new Hub in Monifieth will become ever more pressing.”

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