Tag Archives: Payroll local

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!

 

Payroll Local to launch in September!

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.

Derrick Anderson (pictured), Chief Executive of Lambeth Council, has already committed to receiving part of his salary in B£es.

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!