Timebanking allows participants to exchange their spare time for help with tasks that they may find difficult to do alone. For every hour of time given to provide a skill to assist and support another, the participant is rewarded back with one credit of time for themselves to use, for when they may need a service. They can also donate this time to another who they believe would benefit more from the help and support.
Timebanking strengthens communities by building and enabling social networks of people who exchange and share support and skills. It brings people together forming connectedness and friendships while contributing to reducing social isolation. Furthermore it can be responsible for empowering and generating social community resilience and wellbeing, allowing individuals to take control of their own lives and their neighbourhoods.
For more information about timebanking in the UK visit http://www.timebanking.org/