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Timebanking is a community scheme which enables local people to exchange skills and support in a structured way around the swapping of units of their time. It can help to build social capital in local communities, but may also have the potential to generate cost savings. The interim report suggests that the time banks are developing successfully, with increasing numbers of members and exchanges. There is evidence of a range of benefits to the members who are involved and evidence of positive soft outcomes. The challenge for the time bank coordinators is to grow the time banks and consider how they may become sustainable long term.

Publication Date

1st April 2013