Time Banks set to rise in next decade, predicts research

The number of Time Banks in the UK is predicted to rise by 15,000 in the next 10 years, according to a report by the New Economics Foundation released this week.

The authors of the report base the prediction on the success of the first 40 projects in Britain where neighbours, tenants and patients support each other by swapping time.

Time Bank UK's director Martin Simon said: "The first Time Bank in the UK began only four years ago. These findings now clear the way for a major expansion of Time Banks throughout public services as a way of making partnership between people and professionals real and effective.

"They can also provide the kind of human-scale support from neighbours that people so badly need," said Simon.

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