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Transition Matters

This section is used to list tried or potential practical solutions for individuals and communities across North Cornwall and beyond. To get more details or to arrange a trainig session/ seminar on one of the Solutions, just contact the originator of the message.

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PaulS's picture

LETS barter!

Getting something for doing somebody a favour?
Not having to pay out any cash?

That's what LETS is all about.

Once you've grasped the LETS philosophy, then LETS trading becomes an enjoyable and rewarding experience.

Don't think of LETS points as pounds. Think of them as favours.

LETS, or Local Exchange Trading Systems, are local community trading groups where members exchange their goods and services with each other in a spirit of harmony and a genuine desire to help each other.

The LETS group's function is to act as a bookkeeper for the members' transactions, keeping record of these 'favours' (also called 'beans', 'auras', 'shells', 'talents', thank yous', etc.) and putting the members' accounts into debit or credit accordingly. An account which is in credit identifies a member who has given more favours than he's received. An account which is in debit identifies a member who has received more favours than he's given. As there is no interest paid to accounts in credit, and no interest charged to accounts in debit, neither situation is a problem, and both are necessary in order to make transactions happen.

LETS points should be thought of as favours, not as pounds.
LETS trading should be performed with a community spirit, rather than being profit motivated.
LETS is the perfect way to improve your lifestyle by providing luxury goods and services.
LETS groups can help members reduce large debit balances.
LETS offers members opportunities to learn, improve or perfect skills.
LETS trading bypasses taxes and the financial economy.
LETS accounts do not attract interest, both credit and debit accounts are necessary and debt is not a growing problem.
LETS can be used internationally if you're genuine about helping LETS members, and accept visiting places where you're invited, rather than places you specifically want to go.

Here is a website with more information:

Would you like to start a LETS scheme?
If so, just press 'Reply' and let others know.

This website can be used for this purpose both on a Parish level and across the whole of North Cornwall.

Shall we have a go?