Bristol pound accepted for council tax payments

A new ten pound note issued by the Bristol Pound Company Last year £66,000 was paid to the council for business rates in the currency

Council tax payments in Bristol will soon be able to be made using the Bristol pound.

The currency, which is on par with sterling, was introduced last September to ensure money earned in the city was spent on local businesses.

Bristol City Council said people would also be able to use it to make payment for other services in the future.

More than 600 Bristol firms have signed up to the currency, making it the UK's largest alternative to sterling.

How the currency works

Bristol pounds
  • 1:1 exchange with sterling
  • £1, £5, £10, £20 notes
  • Run by Bristol Credit Union
  • Payments in cash or online
  • Funds guaranteed by the Financial Services Authority
  • About £20,000 worth of Bristol pounds in circulation

At present the local authority accepts business rates in the currency, and last year £66,000 was taken in that way.

Assistant mayor, Geoff Gollop, said the decision meant more payment options for local people.

"As the Bristol pound goes from strength to strength we'll be working closely with them to celebrate, promote and encourage the use of one of Britain's most successful local currencies," he said.

Last week bus operator First announced it would accept the Bristol pound on its fleet in the city.

It is thought to be the first bus company in the UK to sign up to a local currency scheme.

A company spokeswoman said it was too early to know how many people had used the Bristol pound to pay for their travel.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Bristol

Weather

Bristol

Min. Night 15 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.