Overview

• The UK’s last surviving local currency ended today when the remaining businesses in Lewes ceased accepting the notes.
• Launched in 2008 after the Lehman Brothers collapse, the scheme quickly surpassed hopes with about 400 users and 75 participating shops.
• Long-running shifts to cards and digital payments, reduced town footfall, and exchange hassles for traders steadily undermined everyday use.
• About £10,000 in remaining backing funds will be donated to local groups, including the Friday Food Market and the Lewes Climate Hub.
• Beyond everyday purchases, the notes backed social schemes such as a donate-a-drink program, and the effort helped inspire other UK and overseas local currencies.