LETS is a way of exchanging goods & services with other people in the community without the need for money.
Local Exchange Trading Schemes help regenerate communities and rebuild the local economy. There are many LETS Schemes running successfully throughout the world.
LETS - Thinking globally, acting locally.
||LETS is run by and for local people creating wealth that stays within the area. It puts people in touch with a great variety of resources & skills.|
||LETS is based on the idea of barter, but it is more flexible, and much more effective as there's no need to find a 1-to-1 exchange.|
||LETS uses cashless trading. Wealth is created directly through trade, no interest is charged and everybody benefits equally.|
||LETS is a not-for-profit unincorporated membership club. Everybody has skills and someone out there needs yours!|
Falmouth LETS was formed late in 1993 and grew rapidly providing all the benefits of LETS for the surrounding area. Its unit of exchange is known as the "Palm".
We are in contact with other LETS operating in Cornwall, and are a member of LETS Link UK, the national coordinating agency for LETS Schemes.
Who is joining? Anyone and everyone; individuals, charities, organisations, businesses. Falmouth LETS is open to anyone in the local community - all kinds of skills are welcome and needed.
To join Falmouth LETS simply fill in and return an application form with your subscription, or bring both to our monthly meeting. You can join as an individual or household.
As a Member you will receive a personal Falmouth LETS account giving access to the members' facilities on this website. See help page for details.
How to trade: You can start trading immediately. LETS is interest free and you do not have to earn credit before you spend.
To trade, a member simply contacts a person in the Members List and makes arrangements about time, rate etc. When the job is done the buyer logs in to this website, clicks on Exchanges and transfers Palms to the seller. (Members who aren't on the internet can make out an old style LETS cheque to the seller authorising the transfer of the agreed number of Palms to their account. The seller then sends the cheque in to Falmouth LETS Admin for it to be recorded on the LETS accounts).
The Falmouth LETS Directory and address list are now entirely online, and members can save and print them off once logged in (Members who aren't on the internet are paired up with a member who is).
Making friends: LETS Schemes offer many social as well as economic benefits. In Falmouth we hold regular group meetings and LETS get-togethers and hope to encourage a variety of community enterprises.