totnesLu

totnesLu is a community-driven initiative based in Totnes, Devon, United Kingdom. Its primary focus is on fostering a more sustainable and resilient local economy through the development and use of a local currency. The project aims to keep wealth circulating within the Totnes area, supporting local businesses and strengthening community bonds.

The totnesLu currency is designed to be exchanged for goods and services offered by participating local businesses. This encourages residents to spend their money within their community, thereby benefiting local producers and service providers. The initiative also seeks to raise awareness about the importance of local economies and their role in environmental sustainability.

Participation in totnesLu is open to individuals and businesses within the Totnes region. Members can earn and spend totnesLu, with the currency often being exchanged at a rate equivalent to the pound sterling for ease of transaction. The project is managed by a dedicated team of volunteers and operates with the goal of promoting a more ethical and self-sufficient economic model. Its activities include promoting the currency, onboarding new businesses, and organizing events to engage the community.