Reports Database:
Calculating the social value of person to person Timebanking

The Timebank is a mechanism for local people to share the skills and abilities they have with other people in the community using time as a currency – not money. People join the Timebank and state what they can offer to help others, and also what they may like in return. Members then help one another on the basis of exchanging time where one hour of one member’s time is worth the same as one hour of another’s, regardless of the task being completed. Through this mechanism of equal exchange the Timebank achieves the twin aims of community development and health and
wellbeing improvement.