Payroll Local: UK first for local currencies

For the first time next month some Lambeth Council employees will be part paid in Brixton Pounds. Back in June we announced plans for its launch and we’re excited to say that the scheme is now live! The scheme gives all Lambeth Council employees the chance of receiving a portion of their salary in electronic Brixton Pounds (B£e).

Employees can then spend their B£e with local, independent businesses or donate to local charities and social enterprises. Employees who wish to be part of the scheme will receive an additional 10% on the proportion of salary they put into their online B£ account.

Over 120 members of staff have already pledged to receive a portion of their salary in Brixton Pounds, which is excellent news for local, independent businesses who are likely to see increased trade as a result. It is also great news for our community, as more money will stick to Brixton, directly benefiting local residents. That’s not all! The scheme will offer a convenient way to donate to local charities, social enterprises and community groups that may not be reached by corporate payroll giving schemes. Details of the charities involved can be found here.

If you work for Lambeth Council and would like a portion of your salary in Brixton Pounds, please sign up here. Detailed questions and answers can be found here however if there is anything else you would like to know, please email us on [email protected].

We’re grateful for funding from Nesta from their innovation in giving fund without which this project would not have happened.

Once again, this is a U.K. first. Something that Brixton can be really proud of. If you’re not yet using Brixton Pounds, there couldn’t be a more exciting time to get on board. There are now 92 businesses using pay-by-text. Open an account today!

 

This entry was posted in blog, Community, e-currency, news, stories and tagged , , , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Posted October 25, 2012 at 1:24 am | Permalink

    Jct:How smart. But if I’m not mistaken, Brits LETS volunteers are paid 6 British Greenpounds per Hours, French are paid 60 Greenfrancs, Germans 20 Greenmarks, and between countries we trade Hours. In 1999, I paid for 39/40 nights in Europe with a LETS Local Employment-Trading System IOU for a night back in Canada worth 5 Hours. As soon as you peg your Brixton Pounds to the Time Standard of Money, you can too. And keep in mind, LETS timebanks are springing up in broke countries like oases in a financial desert. Over 300 LETS timebanks in Spain this year with which you’ll be able to trade accommodations. Fancy a vacation in Spain part-paid with Brixton Pounds. Link to the Time Standard of Money and it’s done. And all the world’s LETS are uniting into Millennium Declaration C6 to governments for a UNILETS United Nations International & Local Employment Trading System. After all, my time IOUs were used all over Europe!

2 Trackbacks

  1. By Payroll Local: 3 months on | The Brixton Pound on January 15, 2013 at 12:49 pm

    [...] year we made it even easier for Lambeth Council staff to help keep money in Brixton. We launched Payoll Local. The first of its kind in the U.K. The scheme allows Lambeth Staff to receive part of their salary [...]

  2. By Chief Exec of Lambeth Council uses Brixton Pound on February 24, 2013 at 4:24 pm

    [...] a the Payroll Local scheme launched Lambeth council staff have been choosing to receive 10% of their salary in B£e and [...]

Post a Comment

You must be logged in to post a comment.