Consider the use of a B&NES 'pound'

The Bristol Pound was introduced to keep money within local suppliers. It is a tried and tested system that has had a good deal of success and could be rolled out in B&NES.

Why the contribution is important

We need to find ways to encourage people to shop locally so as to avoid the transport costs associated with purchsing from further afield

by jackiehead on December 15, 2020 at 03:12PM

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Comments

  • Posted by NicoletteBoater January 08, 2021 at 16:08

    Whilst I would love circularity to be a core part of the vision for the B&NES economy, I don't think introducing a parallel currency in an economy the size of B&NES would be a feasible or desirable way of nurturing it. That it has had some early success in Bristol is more because it was part of an ecosystem os sustainable businesses and communities wanting to retain and create value in Bristol. (Interestingly in today's Covid struck world of digital payments, the Bristol Pound is now evolving to be less a paper currency as a digital platform earning a commission which is then invested in the city's sustainable initiatives.)
  • Posted by NicoletteBoater January 08, 2021 at 16:09

    Whilst I would love circularity to be a core part of the vision for the B&NES economy, I don't think introducing a parallel currency in an economy the size of B&NES would be a feasible or desirable way of nurturing it. That it has had some early success in Bristol is more because it was part of an ecosystem os sustainable businesses and communities wanting to retain and create value in Bristol. (Interestingly in today's Covid struck world of digital payments, the Bristol Pound is now evolving to be less a paper currency as a digital platform earning a commission for investing in the city's sustainable initiatives.)
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