Transition Network is delighted to be able to present the first in an occasional series of pdf only ‘How to’ guides: THE LEWES POUND A Transition Network ‘How To’ Guide.
Written by Oliver Oliver Dudok van Heel, one of the the Lewes Pound founders, the guide aims to give an indication of how to set up a local currency scheme, based on how Lewes went about developing and running the Lewes Pound.
Launched in September 2008 with a 1-Pound Lewes Pound note, over 30,000 Lewes Pounds were issued until it was replaced in August 2009 by 1, 5, 10 and 21 (twenty-one) Pound notes in July 2009.
The model used in Lewes is very similar to the models used in Totnes and Brixton, and is based on the Berkshares scheme in Massachusetts.
The guide looks at the benefits for the community and the essential on how it works. A key factor in the success of a local currency is if it is accepted and used by a sufficient proportion of the community – traders, residents and Local Authorities. It also covers the costs of running a local currency scheme as well as the possible funding sources such as Sponsorship by Local Business and the sale of Collector’s Packs.
The guide admits that the Lewes Pound is only used by a minority of dedicated Lewesians, and does not have a huge direct economic impact. However, what has been achieved far exceeded their expectations. What it has done is raise awareness about the importance of local trading within the community and helped spread some of the core messages of Transition Towns, particularly around the need to localise the economy to build resilience.
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You can download the guide here:
THE LEWES POUND A Transition Network ‘How To’ Guide