Following our launch at Lambeth Town Hall in 2009, we have worked in partnership with the council on a number of groundbreaking initiatives. Lambeth was the first local authority in the UK to accept a local currency as payment for business rates, and the first to pay staff in a local currency.
When you exchange your sterling for Brixton Pounds, it goes into the London Mutual Credit Union on Acre Lane. Credit unions, unlike banks, are more likely to lend to small businesses, do not invest in unethical ventures such as arms or oil, and also provide vulnerable individuals with an affordable alternative to payday lenders. So not only do your Brixton Pounds benefit the area, but your sterling does too.