Birmingham Pound are proposing a new sterling Birmingham currency to be spent with or between locally-owned business, keeping more spending power within the city and benefiting its people. Every Birmingham Pound spent will benefit another Birmingham Local and not be part of the sterling that gets lost to larger national and multinational corporations.
What is Birmingham Pound?
The long-term goal is to create a useable, sustainable local currency that can be used city wide and will strengthen a local economy and build Birmingham’s inclusive identity. Initially, as a group, they aim to conduct some business analysis, stakeholder consultation and financial evidencing as widely across the city as possible. To investigate the reach and potential of the currency with some staff time and visits and study trips. Birmingham Pound will approach businesses as widely as possible to survey and gauge interest in the venture. After the fact-finding stages, the group’s next steps are to move on to establishing the legal, financial and managing bodies.
Any resident or independent business in Birmingham can be involved.
If successful what will you use your LoveBrum funding for?
The money will be used on paid time for further business engagement and feasibility studies. Birmingham Pound would like to visit Bristol Pound headquarters to complete a one-day workshop to help figure out some of the finer details and processes. They would also like to commit time to the development of the project by investigating and applying to more funding streams.
Where can people go to find out more about Birmingham Pound?
Tel: 0121 685 1155