The Lewes Pound is essentially a voucher or token that can be traded locally as a complementary currency and used alongside Pounds Sterling.
Money spent locally circulates within, and benefits the local economy. Money spent in national chains doesn’t. The Lewes Pound encourages demand for local goods and services. In turn this builds resilience to the rising costs of energy, transport and food.
• Economic: According to the New Economics Foundation, money spent locally stays within the community and is re-used many times, multiplying wealth and building resilience in the local economy.
• Environmental: Supporting local businesses and goods reduces the need for transport and minimises our carbon footprint.
• Social: By spending money in local outlets we can strengthen the relationships between local shopkeepers and the community. It also supports people finding new ways to make a living.