Bright Exchange is a community network in the UK using a local exchange trading system (LETS) where people can trade skills, goods and services using a local alternative currency.
Mission and Purpose
In Brighton, UK, skilled tradespeople and community members trade skills, services and goods through the Bright Exchange. “Brights” is the local currency, managed online, and each service is worth a certain number of “Brights”. Feedback cites a more cohesive and inclusive community, with opportunities to learn and share skills.
Origins and Development
Know the events surrounding this organization’s development? Help us complete this section!
Organizational Structure, Membership, and Funding
Bright Exchange is run by a group of core members who have volunteered. Any member can join in organizational meetings or the annual general meeting of the group.
Specializations, Methods and Tools
Bright Exchange is a form of Local Exchange Trading System (LETS) although is it an independent group from the official UK network of LETS.
It utilizes an alternative, cash-free currency called BRIGHTS, defined as
a measure of the transaction between you and another member of the BRIGHT Exchange. We each decide what we are happy to offer other members in exchange for their BRIGHTS. You receive BRIGHTS for whatever you offer, and you spend your BRIGHTS on whatever you want. A BRIGHT is simply an acknowledgement of gratitude for a trade or favour done. It has no cash value and is only redeemable by exchange with other members 
Major Projects and Events
Know what projects or events this organization has led or supported? Help us complete this section!
Analysis and Lessons Learned
Want to contribute an analysis of this organization? Help us complete this section!
 Bright Exchange (n.d). FAQs. Available at: https://brightexchange.org.uk/faqs/ (Accessed 17 August 2020)
The first submission of this Participedia entry was adapted from a research project by the Institute of Development Studies, 'Linking Participation and Economic Advancement’ licensed and reproduced under Creative Commons (CC BY 3.0).