§ Jean CorstonTo ask the Secretary of State for the Home Department how many local exchange trading schemes projects are operating in the UK; and whether he will make a statement on local exchange trading schemes and their relationship with the economy. [131106]
§ Mr. BoatengResearch carried out in 1999 indicated that there were approximately 303 Local Exchange and Trading Schemes in the United Kingdom with about 22,000 members and a turnover equivalent to some £1.4 million. Their effect on the economy is therefore minor, although for the individuals and communities involved they are significant in helping to rebuild a sense of community and community involvement.