Local Currency for the High Street

Local Currency for the High Street

You might not be aware of this, but the residents of Bristol have actually had their very own small business currency for almost a year now.

The Bristol Pound is the first independent city-wide currency of its kind and is now accepted as a form of payment by over 600 businesses in the region.

The idea is a scheme designed to keep money local and boost the takings of family-owned businesses within the city. By all accounts the first year has been a great success, with over £B70,000 (which is equal to £70,000) being spent in local Bristol retailers.

Bristol is now planning to celebrate the anniversary with a number of events marking Local Currency Week.

Do you think a similar scheme would be useful in getting people to support the High Street in your area too?

via Bristol Pound

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