Our Process

We offer a detailed development process to support you to create a sustainable system.

It guides you through all the key aspects of a community currency in six distinct development phases: Start, Ownership, Research, Design, Testing, Launch.

Community currencies have many different starting points.

People may wish to solve their problems:

  • economic crisis
  • unemployment
  • youth crime
  • community breakdown
  • lack of business

They may wish to meet personal or community needs:

  • access to food
  • local transport
  • support for daily tasks
  • people to help with community groups and events

They may wish to achieve personal or community goals:

  • get new skills
  • get a qualification
  • find a new job
  • build a new community centre.

The development process identifies local assets and matches them to problems, needs and goals.

Development Phase Key People/Tasks
Start Phase
(1 month)
People
  • individual, group or organisation identifies a problem, need or goal that a community currency could help with.
Tasks
  • community meetings to discuss problems, needs and goals.
Ownership Phase
(3 months)
People
  • lead organisation
  • group or individual emerges to take ownership of the community currency development process
Tasks
  • appoint development team
  • appoint working groups
  • agree development tasks and timetable
  • identify allies: individuals and organisations who can help you with advice, staff or funding.
Research Phase
(3-6 months)
People
  • development team
  • working groups
  • researchers
Tasks
  • community meetings to clarify problems, needs and goals.
  • interview potential participants
  • review existing community currency models
  • identify under-used individual and communal assets
  • identify other social economy institutions for collaboration
  • analyse start-up and running costs and potential revenue sources
  • identify supportive local or national government policies
Design Phase
(3-6 months)
People
  • development team
  • working groups
Tasks
  • analyse data from research phase.
  • interview potential participants
  • agree boundaries: geographical, community of interest, internet, membership-based or open to all
  • agree key beneficiaries: businesses, young people, retired etc.
  • agree vision and mission
  • agree timescale for life of currency units
  • design or adapt software/website/smart cards/notes etc.
  • agree governance structure:
    • integrate into existing organisation OR
    • create a new organisation
  • agree management systems, policies and procedures:
    • integrate into existing systems OR
    • create new systems
  • design monitoring and evaluation systems.
Testing Phase
(3-6 months)
People
  • development team
  • pilot participants.
Tasks
  • test management systems
  • test software
  • test exchanges
  • monitor, evaluate and adapt.
Launch Phase
(1 month)
People
  • development team
  • participants
Tasks
  • PR & marketing
  • monitor, evaluate and adapt.
Ongoing
People
  • governance board
  • management team
Tasks
  • PR & marketing
  • support and training for staff and participants
  • monitor, evaluate and adapt.