More than 200 traders will take Bristol Pound
MORE than 200 shops and traders have already signed up to use the Bristol Pound which is being introduced in the city in September.
They will accept the new currency as well as sterling in an effort to keep money generated in Bristol within the city instead of it leaking out to multinationals and foreign tax havens.
People who open an account with the Bristol Credit Union will be able to use £B1, £B5, £B10 or £B20 notes which were revealed in the Post last week.
They can also use their mobile phones to make transactions.
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The organisers of the Bristol Pound are hoping at least 300 shops and businesses will sign up by the time the currency is launched on Wednesday, September 19.
Bristol Pound director Ciaran Mundy said it was important to make clear that Bank Of England officials had not approved the scheme and were not seeking to do so.
He said: “We met with Bank of England officials and they suggested some changes to the paper version of the Bristol Pound that we agreed to.
“It is our understanding that the Bank of England is not in a position to approve the scheme as a whole, but only make us aware of their views on the use of paper Bristol Pounds if necessary.
“Alongside the Bristol Credit Union the Bristol Pound CIC (Community Interest Company) will continue to discuss important details of the scheme, where relevant, with the Financial Services Agency (FSA) and other interested government and regulatory bodies to ensure the scheme is completely legitimate in legal and regulatory terms.”
Mr Mundy said there would be no charge for paying by mobile phone or online.
Shops and traders which have agreed in principle to take part in the scheme:
20th Century Flicks, DVD & Video Rental, Clifton
360 Pole Dancing, pole dancing lessons, Southville
Absolute H2O Ltd, window cleaning, Brislington
Absolute Mac Apple, product repair service, Bedminster
Absolutely Cakes, Cake Maker (Market trader and events) St Nicholas Indoor Market
Adair Furniture, furniture from recycled/sustainable wood, St Werburgh's/markets
Ani Townsend Millinery, theatrical milinery & milinery workshops, Fishponds
Arbor ales, craft ale brewer, Redland
Arc Cafe Bar, bar/cafe and event space, City Centre
Arcadian Furniture, furniture maker, Bishopston
Argentine Tango Classes, Stokes Croft
Arnolfini Gallery and cafe/bar, Harbourside
Aromatic Theraputics, aromatherapy, Cotham
Arrow Bookbinding, Easton
Artisan Cafe, Southville
Askew Architects, Stokes Croft
Automotif Vehicle Graphics/Livery, Stapleton
BBS Plumbing and Heating Supplies Ltd, Barton Hill
Beast Clothing, Cheltenham Road and St Nicholas Market
Beeses Bar and Tea Gardens, Broom Hill
Bell's Diner, Montpelier
Beyond Dispute LLP Business Services (Compliance & Risk Assessment), Park Street
Biblos Food/Deli, St Werburgh's and Stokes Croft
Blackboy Hill Cycles
Blaze Gallery & Studio, Colston Street
Blue Sky Cafe, Staple Hill
Booty book stall, market trader
Bordeaux Quay, Harbourside
Born Direct ethical mother & baby gifts, Gloucester Road
Bradley's Juice, Weston-super-Mare
Nicki Breeze Photography, Henleaze
Brick Top Locks, locksmith, St Anne's
Bristol Beer Factory Brewery, Bedminster
Bristol Blue Glass Ltd, Brislington
Bristol Cycle Couriers, Stokes Croft
Bristol DEA, energy and sustainable building consultancy, Clifton
Bristol Dropouts Bike Shop, Stokes Croft
Bristol eBooks.co.uk, eBook creation, conversion and consulting, Clifton
Bristol Energy Co-operative, Thornbury
Bristol Ferry Boat Company, Harbourside
Bristol Green Hosting, carbon neutral web hosting, Redland
Clay Mallet Limited, web design, Redland
Bristol Green Party, Redland
Bristol Leaflet delivery, Marketing/Distribution, Bedminster
Bristol Wireless Community Co-operative Ltd, Bedminster
Bristol Wood Recycling Project, St Philip's
Bubalu Cafe & Fitness Centre, Gloucester Road
Cafe Kino, vegan cafe & events space, Stokes Croft
Cafe Ronak, Gloucester Road
Cannon Fire & Security Ltd, Filton
Canteen Bar, Stokes Croft
Cardiac Gifts & Cards, North Street
Carol Peace Ltd, artist, Brislington
Cartridge Right, printer supplier and recycling, Filton, Gloucester Road and Kingswood
Chandos Deli, Kingsdown, Cabot Circus, Henleaze, Clifton Village, Whiteladies Road
Chaudry Brothers Halal Butchers, Easton
CMBC Group, financal services advisors, Kingswood
Colston Yard Pub, City Centre
CompuFocus IT Solutions, Fishponds
Computer Right, Gloucester Road
Compuwave IT Repairs, North Street
Cooperantics Co-operatives Consultants, Bedminster
Debbie Parsons Massage & Reflexology, masseur & reflexologist, Montpelier
Debs Nails & Beauty Beautician, Oldland Common
Earthbound Organic Foods, Cotham
Easton Pharmacy, Easton
El Rincon, Spanish tapas bar, Bedminster
Eleanor Breen Acupuncture, Gloucester Road
Elsie Belle Vintage Style Jewellery, City Centre
Emma Lilwall, homoeopathic practitioner, Barrow Gurney
Essential Trading Ltd, organic and Fairtrade wholesaler, Fishponds
Flo-Jo Boutique Clothes, Gloucester Road
Flowers of Stokes Croft, florist
Frenchay Hardy Plants, Fishponds
Gardners Patch, greengrocer, Gloucester Road
Glow Creative Branding, City Centre
Goldbrick House, cafe/bar, Park Street
Green Yaffle, Clifton
Grow Coop, co-operative freelance web designers, Stokes Croft
Harbourside Market
Hart's Bakery
Harvest Natural Foods, Gloucester Road
Heavenly Hedgerows
Hugh Nettelfield Consultancy, architect, Hotwells
Hyrda Books, community bookshop
Inspiring Fitness, personal training, City Centre
J D Electrics, electrician, Willsbridge
Jacob Stow, web-design & graphic design, Montpelier
Jean Jones Gallery, Clifton
Jeepers Sweepers, traditional chimney sweeps, Easton
Jenn Wills Jewellery City Centre
Jenny Life Studio & Gallery, Christmas Steps
Jethro's Bicycle Tattoo Parlour, Easton
Joe's Bakery, Bishopston
Kalahari Moon, St Nicholas Indoor Market
Katcha Bilek Eco-Fashion Accessories, Stokes Croft
King of Paint Graffiti, Stokes Croft
Koolmami Ethical Funky Kidswear and Baby Gifts, St Nicholas Market
La Ruca Health Food Shop and Café, Gloucester Road
Lakota Club, Stokes Croft
Laser Fusion
Love Dance Club, Stokes Croft
Lovely Drinks, soft drinks company, Barrow Gurney
M & D Kidner, fruit & veg wholesale, St Philip's
Maison Loulou, chocolate-maker, Cheddar
Maitreya Social, cafe & restaurant, Easton
Make More Margin, retail consultancy
Man with Van, Montpelier
Mark's Bread, North Street
Matt Gothill Craniosacral, therapist, City Centre
Minuteman Press Printing, Bedminster
Move-It Removals, Highridge
Nig Barret Jewellery, Clifton
No. 1 Harbourside Bar, Harbourside
Odd & Eden, photographer, Christmas Steps
Oyster Electrical & Security, Oldland Common
Pak Butchers, halal butchers, Fishponds, St Paul’s, Easton, Totterdown
Parson's Bakery, Bedminster
Party Craft, children's party supplies, Clifton Village
Paul Baker & Company, conflict resolution, Coombe Dingle
Peapod online farm shop delivery service, Bedminster
Pearce's Hardware, Bishopston
Pedal Power Transport, Kingsdown
Phillip Corbin & Associates, accountant, Westbury-on-Trym
Photoboy (Paul Blakemore) photography, Stokes Croft
Photographic Parlour, Greenbank
Piri Piri Corner, Clifton and Easton
Playful Toyshop, Gloucester Road
Poco Restaurant/Tapas Bar, Stokes Croft
Powders Laundry Station, Old Market
Radford Mill Farm Shop, Stokes Croft
Really Useful Bikes, Bradley Stoke
Refresh West Event Bars
Rice and Things Restaurant, Stokes Croft
Ritual Art in Nature Therapy
Royce Rolls Cafe, St Nicholas Market
Rhythm of Life, shiatsu masseur
Sarah Forrester-Wilson, holistic therapy masseur, Bishopston
Shake, Wrap and Roll, Gloucester Road
Shop Vintage, Lounge & Arts Venue, CIC Market
Sockmonkey Consulting Limited, NFP & Social Enterprise Consultancy
Somethingblue Photography, Keynsham
Source Food Cafe, St Nicholas Market
Sourdough Cafe, St Nicholas Market
Southville Deli, North Street
Spike Island Centre, Docklands
SPP Theatre Co, Bedminster
St Werburgh’s City Farm and cafe, St Werburgh's
Stillpoint Counselling, Redland
Summerhill Newsagents, Easton
Sweetmart Grocer, Food Store (Retail & Wholesale), Easton
Tangent Books, Brislington
The Annexe Inn, real ale pub, Bishopston
The Arts House Cafe, Stokes Croft
The Bag O' Nails,r eal ale pub, Hotwells
The Battleaxes freehouse pub, Nailsea
The Bay Tree, vegan cafe, Henleaze
The Better Food Company, organic greengrocer & food shop, St Werburgh's and Clifton
The Burger Joint, Cotham
The Colour Inn, cocktail bar, Clifton
The Community Farm, organic farm, Chew Magna
The Cornubia, real ale pub, Temple Back
The Fish Shop, Gloucester Road
The Folk House Cafe, Park Street
The Full Moon & Attic Bar, Stokes Croft
The Gallimaufry live music venue, Gloucester Road
The Grain Barge Bar, Hotwells
The Happy Fish Co. Horfield
The Hillgrove Porter Stores, pub, Kingsdown
The Law Shop, Gloucester Road
The Lazy Dog, pub, Ashley Down
The Matthew Tree Project, Easton
The Pipe and Slippers, pub, Stokes Croft
The Red Lion, pub, Redfield
The Rummer Hotel, St Nicholas Market
The Salvation Army Charity Shop, Bedminster, Kingswood, Redland, Knowle West, Stokes Croft
The Spokesman Cycle Shop & Repairs, St Werburgh's
The Sportsman, pub & pool hall, Bishopston
The Thali Cafe, Clifton, Easton, Montpelier, Totterdown
The Three Crowns, pub, St George
The Three Tuns, pub, Hotwells
The White Bear, pub, Kingsdown
The Windmill Pub, Bedminster
The Window Shop, freelance illustrator and artist, Montpelier
Think Katy Arnold, creative florist, Totterdown
Tobacco Factory, Bedminster
Tovey's News, Kingswood
Towles fine ales brewery, Easton
Toys for All Toys (Market Trader & Online) city centre
Transition Town, Bristol Community Organisation, Montpelier
Urban Desk Space Ltd, St Paul’s
Velocity Cycle Logisitics
The Vittoria Pub, Clifton
Walking to meet ourselves, open air coaching, Clifton
Waste Source, Southville
Whisk! catering, weddings, events, Knowle
Whisk! cafe, Arnos Vale and Knowle West
Whitestone Property Services, Willsbridge
Workshop 22, jewellery, City Centre
Wright Guard, fire and security, Longwell Green
Yoga West, Gloucester Road
How it works:
Traders pay a fee of two per cent of the value of funds received, not 2.75 per cent as previously stated (minimum charge of 10p per transaction).
For online payments, the charge is one per cent of the transaction value (capped at £2.50). These are both paid by the trader receiving funds. There is no charge for businesses using £B to pay business rates through the scheme (these fees may be subject to change).
There will not be a five per cent charge for exchanging Bristol Pounds back to sterling.
In fact, each person who opens an account will receive a five per cent bonus in Bristol Pounds over and above the amount of sterling deposited (limited to the first £100,000). The planned redemption fee for converting back to sterling is three per cent.
The Bristol Pound is run as a not-for-profit scheme and surplus revenue will either be returned to members or for improving the services offered.
For further information, visit the website www.bristolpound.org.
Comments
by PoojaMuthiah
Wednesday, August 01 2012, 6:45PM
“As part of my research I have created a survey to learn more about the expectations and concerns among citizens of Bristol regarding the Bristol Pound. I would be very grateful if you would take 5 mins to fill in this short survey - simply click on the link below to share your opinions.
http://tinyurl.com/d2cxs6k
Many thanks!!”
by forumplaces
Saturday, July 21 2012, 10:17PM
“Whilst thelr heart is in the right place, I think the time and effort used to get this initiative off the ground would have been better expended on a broader "shop local" campaign. The 5% bonus on initial exchanges is an interesting idea though. I'll take £10k please (and then trade it straight back to sterling @ 3% commission, quids in!)”
by RobMcCarthy
Thursday, July 19 2012, 11:04AM
“As an independent retailer, I'm still struggling to understand what the benefits are here. I can't buy ANY of my products from local companies, simply because there aren't any that sell the stuff I want.
So why would I want to pay 5% of my hard earned Bristol pounds to get it changed into REAL money that I CAN use to buy my products? And why would I want to pay 2% of every Bristol pound received?
I understand that the idea is to keep our money in the area, but the majority of the traders already signed up are pubs, bars, cafes and restaurants. I'm too busy trying to expand my business to go out eating and drinking every night.
The only people that I can see actually benefiting from this are Bristol Credit Union, and the Bristol Pound Community Interest Company.”
by artglad
Thursday, July 19 2012, 1:20AM
“Are all the listed traders owned by George Ferguson, or just some of them?”
by HarveyNix
Wednesday, July 18 2012, 8:35PM
“How easy is it to print this money? And how easy is it to detect forged notes?
No thanks”
by henleazebloke
Wednesday, July 18 2012, 7:56PM
“@PJB_1972
Bristol Pound may not be legal tender but there is nothing to stop traders from making alternative arrangements for payment. For tax purposes, Bristol Pounds should be declared as if they were Sterling and any charges should be deducted against tax in the normal way, just like bank charges etc.
Bristol Pounds can only be spent with traders willing to accept them and these will, by definition, be in the Bristol area. It follows that the cash cannot "leak abroad".”
by Badladdy
Wednesday, July 18 2012, 6:33PM
“Weird, what's with the wrinkly dog/tiger in a hoody tagging on a wall, with an invisible spray can?
Actually, I can see clearly now. He's leaning againt the wall having a wee. They even included a nice jet of wee.
Bit inappropriate & not really representative of this fair city if you ask me.”
by PJB_1972
Wednesday, July 18 2012, 3:50PM
“I'd like to know the legal implications of traders accepting mickey mouse money which isn't legal tender.
Is there any guarantee from the traders listed above that they will source their materials from local companies, otherwise the cash will still leak abroad anyway.”
by Lone_Ranger
Wednesday, July 18 2012, 3:43PM
“No thanks.”
by artglad
Wednesday, July 18 2012, 2:56PM
“Do people really want coupons that can only be exchanged at limited outlets.
The only benefit is to the traders taking part in this exercise.”