Time Banking < Go back
What they aim to achieve
Imagine a neighbourhood where …
- people feel free to ask each other for help when they need it
- people share their skills for a few hours each month as a matter of course
- there is a system for automatically thanking and rewarding people whenever they put in some time helping each other out
We believe that this will help to create a resilient community: one which is able to develop and engage community resources to respond to, endure and recover from adverse situations and long-term challenges.
What they do
At the heart of time banking are five core values:
- People are assets. The real wealth of this society is its people. Every human being can be a builder and contributor. A time bank recognises this by allowing members to define for themselves what they consider to be a valuable asset, and enshrining its value through the hour for an hour principle
- Redefining work. Work must be redefined to include whatever it takes to raise healthy children, preserve families, make neighbourhoods safe and vibrant, care for frail and vulnerable people, redress injustice and make democracy work. A time bank provides liquidity to activity that informally contributes towards these things.
- Reciprocity. The impulse to give back is universal. Wherever possible, we must replace one-way acts of largess in whatever form with two-way transactions. “You need me” becomes “we need each other” in a time bank.
- Social capital. Humans require a social infrastructure as essential as roads, bridges and utility lines. Social networks require ongoing investments of social capital generated by trust, reciprocity, and civic engagement. A time bank creates a system that builds social capital – every action leaves a footprint.
- Respect. By respecting and recognising value in the contribution we can all make, we hard-wire a critical feedback loop into the way we work.
Time banking is meant to be organic, inviting, transformational and enable people to link up with each other in a natural way, so that they can easily become friends. In many ways, it is its informality that generates trust which in turns stimulates social connections and reduces isolation.
Where they operate
Langworthy and Pendleton Wards in Salford
Who to Contact
Chris Dabbs, Chief Executive on: 0161 743 0088
Who invests in them
Time Banking in Salford is funded by the Innovation Fund of Salford Clinical Commissioning Group.