What is the Bristol Pound?
Bristol Pounds support Bristol's independent businesses
It is a complementary local currency designed to support Bristol’s independent businesses, strengthen the local economy, keep our high streets diverse and distinct, and help build stronger communities.
The Bristol Pound is the UK’s first city wide local currency, the first to have electronic accounts managed by a regulated financial institution, and the first that can be used to pay some local taxes.
The Bristol Pound is run as a partnership between the Bristol Pound Community Interest Company and Bristol Credit Union. It is a not-for-profit social enterprise.
You can spend Bristol Pounds using:
You can spend Bristol Pounds at every participating business using either paper Bristol Pounds, or from a Bristol Pound account with any mobile phone by using our simple TXT2PAY sms payment system, or over the internet.
Having electronic accounts makes Bristol Pounds easy and convenient to use for the public and opens up the opportunities for business to business payments.
All electronic accounts are managed by Bristol Credit Union on established and secure banking systems.
An explanation of TXT2PAY:
- Bristol Pounds are purchased for sterling and can be spent with business members. See our Business Directory for where you can spend Bristol Pounds*
- Bristol Pounds are spent just like pounds sterling with £B1 equal in value to £1 sterling.
- Each Bristol Pound is backed pound for pound by sterling deposits, so taking part incurs no more financial risk than is generally the case when depositing money with an authorised and regulated institution.
- The Bristol Pound is a complimentary currency, designed to work alongside sterling, not replace it.
- Business accounts are available to traders that are independently owned and based in or around Bristol.
- Anyone can pay with or accept printed Bristol Pounds.
- The Bristol Pound is not legal tender and so accepting Bristol Pounds is voluntary.
- Printed Bristol Pounds are highly secure, printed by specialist printers, incorporating a host of security features.
- All Bristol Pound systems are very secure. Money can only be taken out of the system by registered account holders.
*Some traders are offering special offers & discounts for Bristol Pound users, see the side bar