South Cambridgeshire District Council - Timebanking Pilot Project Contract

Following the outcome of a recent project focussing on reducing isolation and loneliness, South Cambridgeshire District Council (SCDC) has committed to support the development and coordination of two new timebanks in the district over the next twelve months. The definition of a timebank, is a reciprocity-based work trading system in which hours are the currency. With time banking, a person with one skill set can bank and trade hours of work for equal hours of work in another skill set instead of paying or being paid for services. Timebanking is a means of exchange used to organise people and organisations around a purpose, where time is the principal currency. For every hour participants…

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