Clapham Park Timebank

• A flat (closed) credit system, with credits originating from the 'bank'
• All local service providers, voluntary and statutory use time banking as their currency to recognise and reward community involvement.

Practice

• The time bank is based within an existing time centre but delvelops to incorporate service providers in the wider area
• Requires an initial time audit
• Creates local consistency so that local residents see their contribution valued in the same way no matter which activity or service they are interacting with.

Factors for success

• Time is required to embed the time banking tool with local service providers
• A broad understanding and acceptance of the time banking principles, particularly of 'give and take' is necessary across all service providers

Potential problems

• Important that the use of and accounting for time credits is standardised across all agencies otherwise consistency is threatened.

Examples

Blangarw Working Mens Hall: This community centre based in the Welsh valleys is extending its time centre in order to link in with all local service providers.

# posted by Clapham Park TimeBank @ 12:14 AM