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December 2001

Opt 4 IT � a time bank for peer tutors in schools

Opt 4 IT uses the idea of time banking in a school with older pupils who share their time tutoring younger pupils. Based on a project in Chicago called the Time Dollar Cross Age Peer Tutoring Program, it is the first time in the UK that the idea has been adapted to suit the British education system.

Three schools in Tower Hamlets will be leading the work over a two-year period.

Older pupils (peer tutors) learn how to tutor others, and help younger pupils with Numeracy and Study Skills, and later on English and Science, using specially designed learning materials. Activities take place in school out of school hours, for 1.5 hours a week, over 20 weeks. Peer tutors earn time credits for the time that they spend tutoring younger pupils. When they reach a target number of time credits they receive a refurbished computer. A school coordinator in each school manages the project.

In particular the project wants to find out:

  1. Does peer tutoring improve grades for the peer tutor and tutee?
  2. Does it have an effect on attendance of participants?
  3. Does it influence the general well-being and behaviour of participants?

Peer tutors were trained in November 2001 and tutoring has now started. The project will be evolving over the next eighteen months and learning will be disseminated in a handbook.

Opt 4 IT is managed by the Community Education Development Centre (CEDC) in partnership with the New Economics Foundation (NEF), Mulberry, Oaklands and Morpeth Schools and is funded by the SHINE Trust (Support and Help in Education).

For more information email [email protected]

tutor looking at materials

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read a review of the Time Banks UK conference by Jeremy Wilson of Fair Shares, Gloucester (6kb PDF file)


November 2001

Time Banks Training in 2002

If you�d like to find out how to set up and run a time bank we�re holding four 2-day training events in 2002. It will equip you with all you need to know about running a community time bank. The training is free.

  • Sheffield 11 and 18 January 2002
  • London 25 January and 1 February
  • Gloucester 5 and 12 February
  • Newcastle 19 and 20 February

For more information or to book a place contact Martin Simon at Fair Shares on 0870 702 7428 or email [email protected]


October 2001

Co-producing Success the Time Banks way

Time Banks UK's conference 'It's about time' on 2 and 3 October was a major success. Over 170 participants attended workshops and discussions with speakers from the US, UK and Eastern Europe.

The conference pushed the boundaries of complementary currencies into new areas, looking at issues such as how time banks can work with businesses, how to co-produce services such as health provision, and using refurbished computers and time credits to improve educational attainment in schools. A conference report will be available shortly - contact Time Banks UK for more details.


September 2001

Time Banks: a radical manifesto for the UK

By David Boyle, associate, the New Economics Foundation

This manifesto shows how time banking can evolutionise our public services, build employability and tackle crime. Its packed full of examples of how time banks are making a difference in the US and UK - in David's usual succinct and easy to read style.

Download the manifesto (79kb PDF file)


August 2001

London Time Bank Launch

The London Time Bank was launched on the 24th July at the Angell Town time bank on the Angell Town Estate in Lambeth. London's Deputy Mayor, Nicky Gavron was at the launch of this ambitious new programme for London, along with estate residents and time bank members from projects across London.

Nicky Gavron (left) Deputy Mayor of London and Ann Shine (Angell Town time broker) cut the cake at the London Time Bank launch

The London Time Bank will help develop a major social infrastructure that measures and supports the kind of volunteering in the capital city where neighbour helps neighbour. It will:

  • Provide an infrastructure that links together a network of time banks across London.
  • Set up three core time banks, all in south east London.
  • Support, encourage and evaluate other time banks across the capital.
  • Work with service providers and communities to help put them put local people at the heart of local services.
  • Set up a website www.londontimebank.org.uk where people can check their time �earnings� online and eventually to spend it on training, IT equipment, surplus or recycled furniture and other services.
  • Provide an online infrastructure that other mutual schemes can use, enabling car swapping, skill swapping or other similar schemes, using time credits as the counting system.
  • Provide a network that can make employee volunteering in London go further. In the USA, pro bono legal firms have offered their services to communities and charged in time credits. These make their efforts go further because they are paid back in time by the community � not to the company � but to each other.

For more information contact:

e-mail: [email protected]
telephone: 020 7089 2859
post: London Time Bank, c/o New Economics Foundation, Cinnamon House, 6-8 Cole Street, London SE1 4YH


May 2001

Skill Swap initiative gets going in Leicester and Rutland

Two pilot projects looking at how skills can be exchanged using a time- based currency have just been launched in the urban and rural settings of Leicester and Rutland. Supported by the Tudor Trust, the two year pilots will enable participants to learn a new skill, where they might normally be excluded by the timing or cost of a conventional course. It also allows participants to use their knowledge in exchange for a new skill. By promoting peer training, skill swaps empower participants to teach and learn in a conducive environment that encourages lifelong learning.

The project aims to facilitate skills exchanges between individuals, small and large organisations.

The scheme runs on credits earned by offering training and can be spent on learning or making use of other skills. They can also be used to access work experience in companies in the wider community.

One training credit is equivalent to one hour of tuition.

A broker identifies an individual�s skills and learning preferences. They match participants with compatible needs, record exchanges, and provide ongoing support.

The scheme is part of the emerging new economy which develops new kinds of currency, valuing the skills and knowledge people already have by sharing it with each other.


January 2001

Gorbals Initiative launches first Scottish time bank

A ceilidh launched the first Scottish time bank with a swing in December 2000. Colin McGowan, Time Bank co-ordinator, plans to promote the scheme from local leisure, health and community centres. As well as running the scheme he has signed up to give guitar lessons.

15 people have joined the scheme, and transactions have taken place in the local time currency, Liptons. The Gorbals Initiative is an organisational member of the time bank. It paid the 1 Lipton fee for its employees to attend the ceilidh, and will continue to support its employees involvement in community activities in the future.

Other groups in Scotland are eagerly watching the new time bank�s development.


December 2000

Time banking is piloted as part of regeneration of Elephant & Castle

Local people�s participation is vital to regeneration � but too often the time they put in, attending meetings and getting people involved goes unrecognised and unvalued.

A recent time bank pilot in Southwark as part of the Elephant Links SRB has taken a new approach by offering local people the opportunity to get their time back. Developed jointly by Charterhouse in Southwark and the New Economics Foundation, the pilot took a mobile approach and recruited members through regular sessions at community centres, drop ins and at the local health centre.

Over 42 members were recruited, including women from the local Bengali community group. Members took part in group activities � sharing meals, bingo and running healthy eating demonstrations, as well as helping each other with shopping and errands and even going swimming together.

As one NW Southwark time bank member said: "I see that I can do something to please and to help others � even to make someone laugh."

A full time bank project is planned for 2001, including placing time brokers (the people who link up members offer and wants, and keep track of members time account) on local estates, and making fresh food and vegetables available through the time bank.


September 2000

Angell Town to pilot computer reuse for London Time Bank

A new time bank initiative in SW London is due to spearhead time exchanges for recycled goods. Angell Town Community Project, in partnership with Cybercycle, a computer reuse charity, and the New Economics Foundation, will be setting up a time bank that will enable local people to trade their time credits for a refurbished computer. Young people will be able to earn time credits by Djing, teaching younger kids to play football and by organising a party for older people. They will be able to spend their credits on a recycled computer. The scheme will be open to time bank members of any age.

Angell Town is one of three time banks that will form the core of the London Time Bank, future vision of the New Economics Foundation. Rushey Green (based in a health centre) and Southwark will also develop and explore the concept of time exchanges in the capital. The London Time Bank aims to stimulate the growth of time banks in the metropolis, and to network them together through a shared website. This will enable transactions to be entered online on a regional basis.


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