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Timebanking UK is the national umbrella charity supporting time banks by providing inspiration, guidance and practical help. Time banks link people locally to share their time and skills to improve their health and wellbeing. Each member’s time is equal. With the twin drivers of the need for more self-reliance caused by the public deficit crisis and the current government’s commitment to hand more power and responsibility to local communities and citizens, the political climate could not be more conducive to time banking. |
Year established |
2003 |
Number of staff |
Paid Staff (FT equivalent) 5, Associates 20+ |
Number of users |
280 Time banks with over 30,000 members |
Is there a charge to users? |
None |
What makes your project sustainable? |
Policies in place for both reviewed annually |
Demographics |
All ages. All backgrounds. All abilities. |
Innovation
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Timebanking is leading a quiet revolution in the provision of health care by;
Our Time-based currency is tax free, and earning and spending time credits does not affect people’s Benefits
New time banks open every week and timebanking now operates in 33 countries |
Patient-Centred, whole person preventative approach |
Timebanking is the ultimate tool for the co-production of preventative, strenghts-based and holistic approaches to interdependent living. |
Evidence informed practice/audit and evaluation |
NESTA calculated, based on a range of studies, that People-Powered Health initiatives along the lines of timebanking could cut NHS costs by at least 7% and maybe up to a fifth. Evidence of other peer support programmes in the UK and abroad suggest that they give rise to savings in public costs of around £1 to £3 per pound invested, and more for the Health Champions volunteer programme which is closest to what is being proposed here, where there are savings in improved health and also in improvements in the lives and employment prospects of the champions themselves.The results of modelling the benefits of time banks, by a team led by Martin Knapp at the London School of Economics in partnership with Timebanking UK, found that the cost per time bank member averages less than £450 a year, but that the value of the economic and social benefits exceeded £1,300 per member.Peer support services in mental health are also extremely cost-efficient. The cost per day for one acute mental health hospital in-patient has been calculated to be £259; by comparison, the Leeds Survivor-Led Crisis Service successfully supports people at £180 per day.”Among the many evaluations of time banks for older people the key findings from the VNSNY Time Bank’s evaluation, a one-off survey of members, concluded:
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Multi-disciplinary collaboration, and professional communication |
These are all small ideas, carried out on a small scale, but they make a big difference to those involved, both as givers and receivers of these semi-formal services. The key question which lies behind them is this: what would public services be like, and health services in particular, if this kind of idea was mainstream and at the heart of the NHS? |
Contact details |
The Exchange, Brick Row, Stroud, Gloucestershire Tel: 01453 750952 Generic – info@timebanks.co.uk Contact – sarahb@timebanks.co.uk |
Timebanking UK
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