The Totnes Pound group has a healthy bank account from the sale of all the Totnes pounds that are currently in circulation and has decided that a proportion of the money should be put to work. It is therefore offering interest free loans to projects within the community that are following through on the transition ideals of rebuilding local resilience and reducing carbon.

The loans are between £300 and £500 and for terms of 6 months or 12 months. The small administration fee is waived if the monies are repaid within the term.

The links to the application forms are here: