Benefits

  • Local exchange can act as a focus for community, building bonds between people, facilitating friendships and encouraging self-reliance.
  • Local exchange can facilitate recycling of materials within the community; clothes, containers for home produce, aluminium for fund-raising, books, sports equipment and furniture.
  • Local exchange can enable people to buy locally produced food, a reminder that supermarkets are not the only way.
  • Local exchange can give people access to tools and expertise to enable goods to be repaired and reused rather than thrown away, a reminder that new is not necessarily better.
  • Local exchange can make goods and services that are labour intensive rather than resource intensive accessible to far more people. This allows work to be carried out which would have been abandoned through lack of cash resources.
  • Local exchange can help the community employ artists and musicians, often beyond the reach of ordinary people, enhancing quality of life.
  • Local exchange gives people an opportunity to take action locally without feeling that they have to wait for the global economy to embrace sustainable development.
  • Local exchange can help to make local economies more self-contained. This means that currency circulates locally, bringing benefits to local traders and suppliers, retaining jobs and profits locally, and encouraging skills and expertise to be retained.
Quotes from NML members

“It feels good not having to say that I can’t afford it.”

“I’d rather work for all of my friends than a single boss.”

“Now when I walk down the street, I meet so many other LETS folk, I feel I belong.”

“There’s so much mistrust when money is involved.”

“I feel good knowing that all of the LETS I earn and spend remain in the local community.”

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