FundingKnight Likes… Brixton Pound

Recently I wrote about the newly launched Bristol Pound and why we at FundingKnight were fans of this community orientated and hyperlocal currency.

The Bristol Pound is one of few other similar projects taking place around the UK so we thought we would write about one of the first and the original urban scheme, the Brixton Pound.

In the same way as other local currencies, the Brixton Pound was designed and implemented to keep investment and spending in the local area.

By exchanging your run of the mill ordinary sterling into Brixton Pounds you can spend your hard earned cash in a plethora of Brixton businesses helping them to increase their profits.

It’s simple, you invest in your community and as a result your local area improves. It not only allows you to help grow home-grown businesses but also, if you use your B£ electronically, you get an additional 10% spend on your British Pound, thus making your money go farther with an added value local bonus.

One recent additional string to the currency’s bow is that if you work for Lambeth Council (where Brixton is located) you can now request to have a percentage of your wages paid in Brixton Pounds. A fabulous idea that really shouts it support to the civic scheme. Plus staff opting for this will receive the additional 10% bonus on their pound, essentially giving staff a pay rise well above the average local government salary increments.

Lambeth Council workers will also have the option to donate their monies directly from their wages to local charities, community groups and social enterprises of their choice.

By starting schemes like the Brixton Pound and others it allows local neighborhoods to take control of their communities and maintain the fantastic vibrancy and creativity that is unique to their area. In turn positivity breeds positivity, improving lives and environments whilst generating a powerful multiplier effect that extends and creates opportunities for more and more people every time a B£ is spent. That alone is more than reason enough to like, if not love, the Brixton Pound. Get involved and find out more here.

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