A Local Exchange and Trading Scheme (LETS)
is a non-profit making club where people (as individuals and in organisations)
trade goods and services using a "local currency". So, in BrumLETS,
you 'pay' for services and goods (like gardening, home-made food or babysitting)
using Hearts, and the system keeps track of payments.
Our currency 'Hearts' is created as needed,
so there are no debts, loans or interest payments. You can get work done
even if you're short of cash, and you can use your skills to improve your
community. In BrumLETS, you can offer or
get gardening, home-made food, baby-sitting, alternative therapy, second-hand
furniture and services you just can't get elsewhere - without cash!
BrumLETS was formed in March 2005 by combining North and South
Birmingham LETS. We have members from all across the city and beyond and
we serve as a support network for the West Midlands. Our unit of currency
is the Heart (Birmingham being the "Heart of England"). More
information is in the Further Information
page. See also the Members Agreement.
BrumLETS used to be paper-based using cheques which were cleared
by the administrator, but is now run by means of an online system. Everything
you need to know about Offers and Wants, contacting other members and
making transactions is managed via this website. If you want to print
out any of the pages you can - some have a printer-friendly view tab at
the foot of the page. If you would like to give it a try please complete
the Application Form.
Once you have joined, if you need support in managing your account, please
call LETSlink - this is a national number, until we have organised a local
number: 020 7607 7852
About BrumLETS Further