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#FinalFiver: another chance to fundraise from £5 notes

#FinalFiver: another chance to fundraise from £5 notes

Remember the #firstfiver campaign that encouraged the public to donate the first new polymer £5 they received to a charity of their choice? Now there is a complementary opportunity to repeat that – by asking the public to donate their last old £5 note to their favourite charity.

Old £5 notes will cease to be legal tender on Friday 5 May 2017. So the Bank of England is inviting us to use them before then. And what better way than to donate them to charity?

As with any banknote withdrawal, that date isn’t quite finite. You will still be able to exchange old fivers at face value in perpetuity – but only by presenting them to the Bank of England on Threadneedle Street in the City of London.

Not surprisingly, John Thompson, who came up with the idea of the #fivergiver campaign – which CAF estimates raised £12.5 million! – saw this coming and is hoping that the public will be inspired to make the same gesture with the last of their old fivers.

His suggested campaign hashtag is #FinalFiver.

New tenner to come

These opportunities are not going away. This summer will see the introduction of the first polymer £10 note, featuring a picture (probably not a likeness, incidentally) of Jane Austen. And that will be followed by the £20 polymer note.

You can bet that John Thompson – or Johnny Five, as his Twitter handle now reads – is ready to spring into action with those opportunities too.

 

 

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Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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