Hampshire County Council awarded Timebanking UK a grant to implement a network of time banks throughout Hampshire. Initially this was as part of a wider community engagement project, but at the end of the first year the timebanking element was making demonstrable progress with nine time banks established, so the grant was extended until March 2019.
TBUK was commissioned by Barnet Council to manage a two-year time bank project, which incorporated a programme aiming to involve Syrian refugees in the local community. TBUK calculated the social return of investment (SROI) of the project and found that, for every £1 spent, £9.34 of social value was achieved.
The Department of Work and Pensions supports Timebanking UK, recognising that timebanking can be a powerful first step for unemployed people who find it hard to engage in training or formal volunteering. Every Job Centre Plus in the UK received a Notification of Change in 2015 to allow timebanking hours to count towards job-seeking hours.
The Department of Health funded a two-year project working with Timebanking UK in 14 areas to enable older people to maintain independence in their own homes. The project involved 92 GPs, with 1,661 older people exchanging 28,000 hours.
