Today we announced a new way for Lambeth Council’s 3,000 staff to support their local community – Payroll Local will launch this autumn. Payroll local is a scheme that will allow all Lambeth Council employees to receive a small portion of their salary in electronic Brixton Pounds (B£e). They 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.
This is excellent news for local, independent, Brixton 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. In additon, 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.
The Brixton Pound’s managing director Simon Woolf commented “Payroll Local is one of a number of innovative schemes that we’re launching this year – It’s vital for the Brixton Pound’s ongoing success that we don’t stand still. We’re absolutely delighted to have support from Lambeth Council at the highest level, as they are one of the most important financial players in our community.”
You can find out more about Payroll Local by watching this short video or by checking out our frequently asked questions page. Note that the video was put together a few months ago and there are now 72 businesses accepting pay-by-text, with more joining the scheme every week!