Local Currencies for Businesses

Local Currencies support local businesses by:

• Encouraging residents and visitors to shop in local independent stores
• Supporting the diversity and richness of Local Currencies independent traders, producers and local suppliers
• Keeping money circulating locally rather than leaking out through chain stores
• Encouraging local supply chains
• Helping cut CO2 emissions by reducing transport costs and encouraging the use of more local suppliers

What Local Businesses can do with Local Currencies

• Offer incentives to encourage shoppers
• Use the Local Currency to promote yourself
• Give the Local Currency out in change, encouraging repeat visits
• Pay local suppliers
• Keep the Local Currency circulating to support the local economy by using it in local shops, pub/cafés, cinema/theater
• Account for the Local Currency in exactly the same way as the National Currency
• Exchange the Local Currency into the National Currency at any of the issuing points