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Libraries booming in credit crunch.

Europe Intelligence Wire

| January 01, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Journal)

Byline: Paul Loraine

THE credit crunch saw more than 10,000 new borrowers sign up for a library card this year. Newcastle's book lenders saw record numbers flock into the city's facilities - and said the economic slowdown was partly responsible.

They recorded a massive 33% rise in members, up 10,626, and also gave 4,000 children their first ever library card, a rise of 14% on last year.

And they said the opening of the new Newcastle City Library in 2009 would prompt new record numbers of borrowers to sign up.

Mary Butler, who is in charge of seven libraries in the West End of the city, said the credit crunch meant people were more likely to look for alternatives to buying.

She said: "I certainly think it will be an opportunity for us to increase the numbers that have been growing anyway this year.

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