Stroud Pound: A Local Currency to Map, Measure and Strengthen the Local Economy

The Stroud Pound is one of the local currencies to be set up in recent years by UK-based Transition Towns. The paper details the first two years of the life of the Stroud Pound; both its authors were closely involved in the development of the currency and the paper is therefore a view ‘from the inside’ rather than a disconnected academic account. The Stroud Pound grew out of Transition Stroud, a community-led response to climate change and peak oil. It therefore has a design that seeks to build greater resilience and strength into the local economy. In this paper the researchers use the local currency as a research tool to explore issues such as: the size of the local multiplier; extent of trade between local producers; the dynamics of the local economy; and the diverse motivations of scheme participants. The paper includes: an account of the literature on community currencies, especially the work of Silvio Gesell; a brief account of Stroud and the results of a survey conducted amongst Stroud-based businesses as part of the establishment of the Stroud Pound; an account of the first year of the Stroud Pound and its impact on the local economy.

Molly Scott Cato and Marta Suárez

To cite this article: Scott Cato, M. and Suárez, M. (2012) ‘Stroud Pound: A Local Currency to Map, Measure and Strengthen the Local Economy’ International Journal of Community Currency Research 16 (D) 106-115  <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2012.017

IJCCR 2012 Scott Cato Suarez

Building Local Resilience: The emergence of the UK Transition Currencies

This paper examines the emergence of a new type of local currency – ‘Transition Currencies’ – in the United Kingdom over the past 4 years.  The Transition Currency ‘model’, shared by the initial four schemes, is explained and the theoretical roots of the schemes reviewed. The paper goes on to examine the success and limitations of the currencies and reflects on potential future developments and how the Transition currencies might upscale and deliver additional social, economic and environmental objectives.

Josh Ryan-Collins Volume 15(2011) Special Issue D61-67

IJCCR 2011 Special Issue 12 Ryan Collins

To cite this article: Ryan-Collins, J. (2011) ‘Building Local Resilience: The emergence of the UK Transition Currencies’ International Journal of Community Currency Research 15 (D) 61-67 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2011.023