Transition Exeter is the county town’s transition town organisation:
It was instrumental in setting up the city’s local currency four years ago:
It has just been announced that the project will now have to fold:
With great regret the Board of Exeter Pound has announced that trading in the Exeter Pound will cease from 30th September 2018, after 3 years of promoting independent local businesses across the city as a proud part of the city’s history and identity.
The decision to suspend the scheme after the current notes expire was made after some difficult discussion and in particular a lack of progress nationally to develop the regulatory framework for digital complementary currencies. Like other community organisations, Exeter Pound has struggled and become another victim to funding cuts, with a disregard to the importance of smaller communities and traders in a world dominated by global corporations.
However, we note there is now a greater awareness of the need to support and enhance community economies and this movement continues to grow in new and exciting directions.
We would like to thank all the Trader Members, Exchange Points, City Councillors, Council staff and citizens of Exeter who have engaged in the Exeter Pound since 2015, and who are committed to the cause of promoting local businesses and their vital role in the life of the city.