Local Business Prospectus Draft 3

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BUILDING BRIXTON’S LOCAL ECONOMY

How will rising energy cost affect you? Have your business and transport costs gone up with the increasing fuel and food prices we have seen recently? Could that damage your business long term? Will recession bite? What will it mean for consumer spending? How can we earn a living and save the planet?

Peak oil means the end of cheap and plentiful oil. Global reserves are nearly half gone. Oil extraction will peak very soon and start to decline at about 2-3% per year – while global demand is rising – leading to soaring prices, economic instability and conflict as countries compete for oil. Rising energy prices are not just a passing phase, but an indicator of a decreased supply – this means that business will need to find a different way of operating. Re-localisation is an inevitability with increasingly expensive oil.

Times are tough and getting harder. Credit Crunch is compounded by an Energy Crunch and a Food Crunch. How are they related and will they go away? Or is this the future that we must make the best of? Transition Town Brixton (TTB) is exploring methods to PLUG THE LEAKS in the local economy. We can prevent money from leaking out of the area by building more linkages – such as recruiting and sourcing locally. Money spent locally is more likely to be re-spent locally too.

TTB plans to encourage local spending by developing Brixton’s own money – the Brixton Pound or ‘Brick’. Imagine customer voting with their wallets – choosing to dedicate a proportion of their spending only to local business. Money that goes around in a local economy is typically worth 2.5 times more to locals than money that escapes down the supply chains and into the shareholders’ pockets of the big chain stores.

A localised economy? A Brixton currency? Far-fetched? Other places are already doing it – around the world and in UK towns like Totnes and Lewes. Come and find out more at Local Economy Day or Local Business Evening, 19 June at Lambeth Town Hall,

ABOUT TRANSITION TOWN BRIXTON

Transition Town Brixton is a community-led initiative, seeking to engage all sectors of the local community in developing an action plan to get us from oil dependency to a low energy, low carbon future. It’s part of a fast-growing network, including around 57 Transition Initiatives in towns, cities, villages and regions across the UK, and over 700 in development around the world. Transition Town Brixton is facing up to the challenges of Peak Oil and Climate Change and seizing the opportunity to design a pathway for Brixton towards a zero carbon future. WWW.TRANSITIONTOWNBRIXTON.ORG

HOW CAN YOU GET INVOLVED?

Transition Town Brixton has a number of projects for local businesses in the pipeline. We welcome your input, questions, or ideas on how these projects can best meet your needs.

Come and find out more at Local Economy Day or Local Business Evening, 19 June at Lambeth Town Hall, or contact info@transitiontownbrixton.org

Types of services and programmes we are developing:

OIL VULNERABILITY AUDITING The Oil Vulnerability Auditing service takes a detailed look at how rising oil prices could impact your business, examining costs and availability of raw materials, energy costs of key processes, and transportation costs involved in selling and marketing. Once a costed model is built up, scenarios can be run with varying oil prices. With the inevitable and dramatic price rises ahead for oil and all types of energy, certain areas of a business may not be viable. In that case, mitigation plans can be put in place, perhaps looking at alternative raw materials sourced more locally, and opening up markets that will be less affected by high transportation costs.

LOCAL CURRENCY: THE BRIXTON BRICK The Brixton Brick will be developed and piloted over the coming year. It will only be spent locally, so it will encourage money to circulate within the community, rather than “leaking” out to the wider economy. We will be holding a series of workshops over the next few months with local people and businesses to design the currency system to ensure that the Brick helps you meet your needs locally.

BRIXTON BUSINESS EXCHANGE A project that takes a different look at waste, surplus, and underused resources. Do you have spare office / storage space, half empty delivery vans, unused materials, excess manufacturing capacity, waste that could be useful to others, or even spare skills? Are you looking for certain materials, space or skills? The Business Exchange is an opportunity to promote cross-business efficiency and trade in Brixton.

LOCAL BUSINESS EVENING Thursday 19 June, 6-8.30pm, Assembly Hall, Lambeth Town Hall

Includes…

NETWORKING Meet and connect with other local businesses

INFORMATION Learn more about what Transition Town Brixton can offer local businesses, hear success stories from other local economies, and plan the next achievable steps together.

LOCAL ECONOMICS WORKSHOPS

“Plugging the Leaks” Linking up the local economy to prevent money leaking out

“Growing the Local Economy” Matching needs and problems up with assets, skills and solutions

“It’s going to be different – how could that be good?” What we can do to help our local economy be resilient into the future

PRESENTATIONS AND EXHIBITORS If you are interested in exhibiting or want to find out more, please contact info@transitiontownbrixton.org

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