Decision details

Bristol Pound has a long track record of partnership working with Bristol City Council; this one-off grant award shall facilitate Bristol Pound become financially self-sufficient and expand. The grant in question shall be dedicated to i) increase the number of Business currency users ii) ensure that business to business transaction remain at the current level. These measures aim to support the “circularity” of the local economy thereby making Bristol businesses more resilient to external shock and are part of stronger, more localised supply chains

This is new spend, not agreed as part of the budget process and is a grant award of significant public monies to an organisation within the city that will be of significant interest to Elected Councillors and the general public

Do Nothing - Bristol Pound is one of the most high profile local currencies in the world and while it has experienced some difficulties in the recent past, a new management board have brought together an experienced senior team and have a new strategy and energy to deliver on the currencies potential. Other fundraising options have not been forth coming. Doing nothing could put at risk operation of the £B, and so Bristol Pound approached the City Council for support. The actions agreed to on condition of receiving this grant award support the City Council’s and Mayoral aims for a stronger local economy.