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 info@brixtonpound.org.

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!