Lil Loop is a circular economy development project to help us change the system of resource use in East Lothian. Through providing information and collaborating with partners we aim to develop a connected community sharing resources and keeping value here in a greener, healthier economy.
Lil CIC is working with Edinburgh University and other partners to explore the potential of a mutual credit system to support Social Enterprises and build community wealth in East Lothian.
Mutual credit systems are a simple way for local businesses, organisations and groups to trade with each other without needing cash - when you do business with another locally owned organisation, you could offer or receive goods and services using mutual credits. This retains your cash reserves for expenses like salaries, utilities, taxes, and investing in your organisation.
We are trying to understand the extent of local exchanges that are already happening among East Lothian’s social enterprises, circular economy organisations, and other locally owned small businesses.
You can get involved by filling out this short survey!
If surveys aren’t your thing (& I get it!) you can book a call with a member of the team here: https://calendly.com/creativecred/1-1-mutual-credit-system-call
Or just drop me an email to sarah@dolilthings.org or WhatsApp 07765 126700
These systems keep value circulating locally, building our economy and preventing wealth from leaking away (often to big pockets). They have proven very useful in helping communities stay strong, especially when money is tight or difficult to get. The system facilitates local trade, encourages more efficient resource use and strengthens community cohesion.
Your help is crucial in shaping a system that could foster resilience and sustainability in our region – real systems change! By participating, you’ll be at the forefront of an innovative approach to community wealth building.
I am setting up an FAQ here, which we will continue to expand, so please check it out and ask more questions 😊
This is an Edinburgh University research project led by Dr Juli Huang, Senior Lecturer at University of Edinburgh. You can contact Dr Juli at juli.huang@ed.ac.uk
THANK YOU!