Spar man's shock as Exeter Pound snubs franchise businesses

The Exeter Pound has defended its decision to exclude branded convenience stores from the new local currency scheme.
Regional Spar retailer Clive Sheppard has spoken of his shock at having his appli 
 
But those behind the new currency have said it is intended to encourage people to spend money with local independent businesses which don’t benefit from the support of big name brands.
Due to be launched on Tuesday, September 1, the Exeter Pound aims to keep more money circulating within the local economy. Ninety traders and charities have so far signed up to accept the new paper currency.