9th September 2008
A town in East Sussex is hoping to stimulate interest in keeping money local with the launch of its own currency.
The Lewes Pound note, worth the same as a pound Sterling, is supported by dozens of town businesses, which will accept it alongside conventional currency.
The idea is to encourage local people to spend their money in the town, sharing wealth and stopping money ‘leaking’ into the wider economy.
Organisers are hoping it will improve relationships between shoppers and traders and foster a sense of pride in the community.
The Transition Towns movement, which is helping to launch the new scheme, also helped Totnes to launch its own currency last year.
And this is not the first venture in complementary currency for the Lewes – the town previously issued its own money between 1789 and 1895.
Lewes butcher Ben Trotman, who owns two shops in the town, told More Than Business News: "Supporting local produce is so important to me and it should be to the majority of people.
"Everything is being produced and sold in this area - it is all to do with showing the green aspect and the lack of air miles."
Town money hopes to keep trade local
The Lewes Pound note, worth the same as a pound Sterling, is supported by dozens of town businesses, which will accept it alongside conventional currency.
The idea is to encourage local people to spend their money in the town, sharing wealth and stopping money ‘leaking’ into the wider economy.
Organisers are hoping it will improve relationships between shoppers and traders and foster a sense of pride in the community.
The Transition Towns movement, which is helping to launch the new scheme, also helped Totnes to launch its own currency last year.
And this is not the first venture in complementary currency for the Lewes – the town previously issued its own money between 1789 and 1895.
Lewes butcher Ben Trotman, who owns two shops in the town, told More Than Business News: "Supporting local produce is so important to me and it should be to the majority of people.
"Everything is being produced and sold in this area - it is all to do with showing the green aspect and the lack of air miles."
Tags: Retail & Shop
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