Spice partners with local authorities, schools and housing associations to offer time-credits to individuals participating in voluntary programmes.
| Currency | Spice Time Credits |
|---|---|
| Rule setting entity | Spice |
| Management of quantity of new money and total money supply | Spice with local partner organisations |
| Putting into circulation | Time-credits are created by Spice and distributed to the organisations offering volunteer opportunities to local people |
| Taking out of circulation | Redemption partners return spent time- credits to Spice |
Credits can then be traded between individual members - as in a traditional timebank - or spent at various non - profit, public or corporate partners.
Currencies in action: Spice Time Credits - dropbox 
These currently include cinemas, gyms, family activities and vocational training. Spice also works with the public sector, utilising time-credits to introduce co-production to public services.
At both the earning and spending stages, one credit equals one hour of a person’s time or organisation’s services.
Spice time Credits oranogram -dropbox 
The Spice system has its historical roots in the Welsh labour movement, when mining communities would contribute part of their wage to both support and access mutually owned local services, such as clinics, workingmen’s clubs and libraries.
# See also - Addressing inequalities - Contents - People Powered Money