"It was such a magical, amazing evening. It was beautiful."
"a little bit haphazard"
"a kind of gimmick"
"It just feels like a year of mourning,"
The Lewes Pound launched in Lewes, East Sussex, in 2008 to support small businesses and keep money circulating locally. Initial uptake exceeded expectations: 400 people bought the first run of 10,000 notes and 75 shops participated. The notes featured local figures and quirky denominations, including a £21 note. Practical drawbacks emerged as shops required dedicated till space and non-residents found it hard to spend. Cash usage in the UK declined sharply, reducing scheme viability. Supporters point to social benefits such as donated drinks funding food bank purchases and helping families buy local goods.
Read at Business Matters
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