Money Matters Monday Fun Day: 12th October from 3pm

The Daisy Children’s Centre will be hosting a Money Matters Monday Fun Day on Monday 12th October from 3pm, and the Totnes Pound team will be there! This free event is for all Totnes families and will feature a wealth of useful information provided by organisations including DCH Housing, South Hams Citizens Advice, Job Centre Plus, the Credit Union and the Totnes Keeping Warm project run by Transition Town Totnes.

There will also be free and fun activities to keep children amused while their parents pick up information, which will include a bouncy castle, face painting, art workshops and storytelling, as well as free popcorn, cookies and home-made lemonade, and samples of healthy fruit-based sweets provided by Wild & Curious.

So… where does the Totnes Pound fit in with all this? Well we all need to buy stuff and most of us need to make money… With that in mind we encourage families to switch a little of their spending to local businesses (or a lot if you’re up for that!). If everyone spent a little each week in local independent businesses, it would give a substantial boost to the local economy, creating more jobs and work opportunities. Imagine watching the journey a five pound note takes in Totnes. Every time it changes hands, a local person gains some income. For instance, imagine using it to buy fish and chips. The shop may use your fiver to buy local potatoes, and then the potato merchant may pass it on for payment to their local staff, who may then buy goods or services from other local people. In this example, most of the money is staying in Totnes and district, and it is people in Totnes and the surrounding area that continue to benefit from it. Imagine the possibilities – enterprise and work opportunities will open up for ourselves and our children.

For Money Matters Monday Funday, Totnes Pound will be re-introducing our popular 21 Totnes Pounds for 20 pounds sterling offer. Totnes Pounds can be spent in more than 150 local shops and businesses and will help keep money circulating in our town. Totnes Pounds make an ideal gift when you aren’t sure what to buy for someone. We sell Totnes Pounds in £1, £5, £10 and £21 denominations. To buy some, please bring pounds sterling with you. We will also be on hand to answer any questions you might have, or to get you started using electronic Totnes pounds if that’s your thing.

 

This event has been funded by a grant to TTT for its Totnes Keeping Warm project, awarded by the Scottish Power Energy People Trust. Thanks also to DCH Housing Provider for contributing from their Community Investment fund.

For more information about this event, please contact Mary Popham on 07815 799996 or marypopham@btinternet.com.

Totnes to Trial New Electronic Currency

The new Totnes Pound: t£1, t£5, t£10 & t£21

The new Totnes Pound: t£1, t£5, t£10 & t£21

After the unveiling of the stunning new Totnes Pound notes, there’s no chance for the dust to settle with the announcement of another groundbreaking development of this scheme to support Totnes high street. Working in partnership with Bristol Pound, Totnes has won the opportunity to be the first town to implement new electronic currency software, offering a range of tools to make it easier for customers to fulfil their desire to buy local.

This opportunity comes through funding from the UK’s innovation agency, the Technology Strategy Board as a result of an SBRI competition called ‘Re-imagining the High Street’. The new electronic currency will enable customers to order with all participating businesses through a one-stop online shop giving retailers a way of selling online they may otherwise be unable to offer. A ‘click and collect’ service will bring people into the high street and blend the convenience of online shopping with enjoying the diversity of the high street. With the added ability to incorporate reward programmes and special offers, this local currency tool is designed to act as a strong marketing and loyalty tool for independent traders.

The longer term aim of the project is to roll out this technology and service in a cost-effective way to towns and cities across the UK to create a network of local currencies. Totnes will be the first town anywhere to offer this tool to businesses and consumers with a pilot scheme due to launch in the Autumn.

Chantelle Norton, who will be managing the project in Totnes says, ”Shoppers are already expressing a desire to direct their online spend more locally. This new Totnes Pound currency software can fine-tune the shopping experience to help customers fulfil this desire. It provides shoppers with an additional way to buy goods and services from businesses that are local to them, and at the same time feel confident that more of the money they pay will recirculate locally, thus supporting local jobs. With the fantastic business take-up of the new Totnes Pound notes and this amazing new online opportunity we’ll be working hard to make sure our high street feels the benefit.”

Graham Woodruff, Technical Director of Bristol Pound, who is leading the project says, “The Bristol Pound is showing the potential of electronic local currency to support independent traders and we have been approached by many other towns and cities wanting to set-up something similar. The funding from the Technology Strategy Board means that we can provide an electronic platform for local currency, with new and improved services for customers and traders, in a way that makes local currency a viable proposition to support high streets in towns and cities across the UK. We are delighted to be partnering with Totnes in this project after being so inspired by the Totnes Pound in our original decision to launch a currency in Bristol.”