The Liberal Democrats in Sheffield are supporting local people in the idea of a ‘Sheffield Pound’, a ‘community currency’ that can be used as an alternative to Sterling within our city.
The Sheffield Liberal Democrats proposed last week in their alternative council budget that they would support researching the prospect of the Sheffield Pound and work with community groups and businesses to get the scheme off the ground.
Bristol launched their version, the ‘Bristol Pound’ in 2012 which has been very successful. When people spend the local currency in the city, it is then spent on local suppliers, who in turn spend it on other local businesses which gives a massive boost to the local economy and supports local jobs.
Cllr. Colin Ross, Leader of the Liberal Democrat group on Sheffield City Council said
“We, as Liberal Democrats, fully support the idea of a Sheffield Pound. Part of what makes Sheffield so special and unique is our local independent businesses and the community spirit in supporting those businesses.
“A local currency would be an extension of the buy local policy that was introduced under the Liberal Democrats. By keeping wealth in our city, the Sheffield Pound will create more local jobs and is better for our local economy. We hope that the Labour council will now support this great community initiative."