EU brings new dimension to the Brixton Pound

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We are pleased to announce that the Brixton Pound will working with our transnational coalition of complementary currencies –  strengthening bonds between monetary innovations across Europe.

With this move the Brixton Pound (B£) has become part of a wider international movement that links up currency initiatives across 4 countries: the UK, France, Belgium & Holland. Through our project, the EU is supporting the currencies build up and share expertise, technological resources and research.BrixtonPound1

 

With CCIA’s support, the B£ will continue to build its infrastructure and relationships with local SMEs, providing Lambeth Council with useful data about the benefits and possibilities of community currencies tools for local economic growth and civic involvement.

 

What’s on the horizon?

Developing digitally

Through this collaboration, CCIA partner Qoin is helping the B£ to further develop its state of the art online platform for user accounts – software that is already being trialled by two of our other currencies: the SoNantes coming soon to France and the Holland-based business-to-business trading platform: TradeQoin. As well as keeping track of transactions, the platform will provide useful data on the activities of B£ spenders, helping to build up a picture of the social impact of the currency.

Currencies for councils

The B£ will be used in CCIA research into whether complementary currency (CC) rewards make effective incentives for getting people involved in local activities. As a co-operative council, Lambeth is the ideal place to trial how CCs can help forge strong community relations. Putting its money where its mouth is, the Borough of Lambeth will be accepting B£ for certain council services.

Building for the long term

CCIA’s work with the B£ will feed into a toolkit for Business Improvement Districts (BIDs) and community groups with guidance for operating CCs. This will include financial modelling looking at how currency projects like the B£ are best set to become financially sustainable.

 

 

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