Data

Location
England
United Kingdom
Scope of Operations & Activities
City/Town
Sector
Non-Profit or Non Governmental
General Issues
Economics
Collections
Linking Participation and Economic Advancement
Links
Bright Exchange
UK networks of LETS
General Types of Methods
Community development, organizing, and mobilization
General Types of Tools/Techniques
Manage and/or allocate money or resources
Specific Methods, Tools & Techniques
Local Exchange Trading Systems (LETS)

ORGANIZATION

Bright Exchange

https://unsplash.com/photos/YUyueCkd7Tk – Credit: Kate Kalvach
August 17, 2020 Lucy J Parry, Participedia Team
Location
England
United Kingdom
Scope of Operations & Activities
City/Town
Sector
Non-Profit or Non Governmental
General Issues
Economics
Collections
Linking Participation and Economic Advancement
Links
Bright Exchange
UK networks of LETS
General Types of Methods
Community development, organizing, and mobilization
General Types of Tools/Techniques
Manage and/or allocate money or resources
Specific Methods, Tools & Techniques
Local Exchange Trading Systems (LETS)
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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

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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 [1]

Major Projects and Events

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Analysis and Lessons Learned

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Publications

See Also

Local Exchange Trading Systems (LETS)

References

[1] Bright Exchange (n.d). FAQs. Available at: https://brightexchange.org.uk/faqs/ (Accessed 17 August 2020)

External Links

https://brightexchange.org.uk/

Notes

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).

Original source: https://www.eldis.org/keyissues/mapping-participation-economic-advancement

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