Community Currency

This page is being consistently edited – the main purpose is to put links up of the various positive events and encourage you to get involved. Click on the names below to read the relevant information.

Cathays Local Economy
Cathays Summer Economy
Cardiff Taffs Community Currency
Greening Penarth
LETS: Local Exchange Trading Scheme

One trade of thought is that many of us still consider strength to be based upon money – when the social values are shifting towards a more holistic avenue of social/skills connection and interplay being the strength with money becoming the secondary process. Such a community connection and engagement will make people feel more secure in their social resources and have local links to go to when they need something done (house sitting, plants, hair cuts, painting rooms, car basic maintenance and repairs etc.) instead of feeling lost and helpless. Cathays can have a strong social interconnectivity and social network if we just reach out to each other and create partnerships.

Cathays Local Economy

By spending your money in local shops and not the larger franchises more money is retained in the actual local economy. Many may cite this as an imbalance as local landlords may benefit

Cathays Summer Economy

Cathays is not the desolate environment that many feel is it during the 3-4 months of the student exodus. Many postgraduates study, work and live in Cathays 12 months a year for several years at a time and compared to a generation ago more of the Cathays based student (regardless of what 4-5 universities and colleges they attend) remain here during the summer.

Whether you are a resident family or senior citizen, a professional, a local business, postgrad or student – Cathays does suffer a lull in the summer and everyone is anxious to remedy this situation.

What can we do about consistency of a stronger and local economy in Cathays? Please get in touch with you ideas – everyone will be specifically referenced for their contribution.

Cardiff Taffs Community Currency

The Cardiff Taffs Community Currency, or ‘Taffs’ as they are informally known. This wonderful group began life at the Embassy / Cathays Community Centre and has been steadily growing since the late 2000’s.

Although not exactly a LETS process per se, the Cardiff Taff’s does have a unique set up, process and properties for valuing and encouraging community spirit. They have real happiness to those who are actively involved and are slowly organically growing mainly by word of mouth recommendation.

This video shows efforts of Cardiff Taffs Community Currency of which their efforts in the late 2000’s has brought people together and skills (and information) exchange has began firmly linking people together and creating a strong social connectivity across the districts.

Due to the efforts of Cardiff Taffs; the actual ‘alternative currency’ becomes second fiddle in many respects as the primary goal is to gain a greater social interconnectivity in your area and just as importantly know your neighbours, gain trust and build up a strong community.

Greening Penarth

The Greening Penarth initiative is a local initiative set up in Penarth at the turn of the century to encourage a greater local economy and raise awareness of Penarth residents of all the shops, skills and resources available in Penarth.

LETS: Local Exchange Trading System

LETS may not always be the appropriate pathway forward and your own community initiative may have it’s own functional model of economic set-up which will only work appropriately in your own district, town or village.

With organisations like NEF: New Economics Foundation working hard to highlight how bad the false economy is, how inequality exists and pockets of poverty are expanding everywhere. On a national level in the UK databases do exist for anyone to access – the ‘Lets Link’ organisation will show you what exists in your area in local economy and community trading opportunities.

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