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Plough and Share raised at Town Council meeting 9th July 2013

Four members of Teign Estuary Transition attended the Town Council meeting on 9th July at which the proposal for the Council to support establishing a Plough and Share Credit Union service point in Teignmouth was raised by Councillor Donald Baldey.

Although we hadn’t given the required 3 days notice to speak, the Council allowed Helen to say a few words about Plough and Share and why TET thought it a good idea to promote them within Teignmouth.

The Council were very supportive but wished to get further details before committing Bitton House as a service point. Once again we came away with the feeling that the Council are very supportive of TET activities and we hope to go along to the next meeting to follow up.

Look out for a mention and photo in next week’s Teignmouth Post!

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Supporting Plough and Share

Plough and Share are a Credit Union based in the South West of England. Using professional staff and volunteers they encourage those with little disposable income to save but also provide low interest rate loans both to members and non-members. These loans are much cheaper than other reputable lenders and very much cheaper than payday loan companies.

We had a special Core Group meeting on 26th June at which Paula Anscombe, the manager of Plough and Share, was invited to tell us about their organisation to see if we could offer any help in setting them up with an outlet in Teignmouth, where there are already 117 members.

David Cox and Donald Baldey from Teignmouth Town Council also attended and we had a very positive meeting at which TET agreed to help with publicity and recruitment of volunteers and Donald and David suggested Bitton House as a possible location for a service point, which provides information and where money can be paid in.

Donald and David agreed to have the idea put on to the agenda for the next Town Council meeting on 9th June.

Building low carbon economies – Wed 7th of March 6.30pm, Exeter University

Transition Exeter University presents: Building low carbon economies: partnership, activism or transition?

Peter North-Low Carbon Liverpool/University of Liverpool

Pete North gained his BA in History and Politics in 1984. After a few years
working for the Departments of Employment, Trade and Industry, and
Environment, he gained his MA in Peace Studies from the University of
Bradford (1993) and his PhD from the School for Advanced Urban Studies at
the University of Bristol (1997). He was a post-doctoral Research Associate
on a project on Local Business Representation in Local Economic Development
at the University of Sheffield (1996-7). Between 1997 and 2002 he was Senior
Research Fellow at the Local Economy Policy Unit at South Bank University.
He joined the University of Liverpool in 2002. His research focus is on
alternatives to neoliberal globalisation, from a political economy
perspective. Peter is currently working on a one year Economic and Social
Research Council-funded project “Building the Low Carbon Economy on
Merseyside.”    The project is a ‘knowledge exchange’ involving the
University, Liverpool Vision, Liverpool Chamber, and Groundwork Merseyside.
The project aims to understand the practical opportunities and constraints
in building a low carbon economy on Merseyside, moving from an emphasis
primarily on economic growth for what has been seen as an economically
lagging city. He is a founding member of Low Carbon Liverpool-the local
Transition Initiative.

Poldhu Room, Kay Building, University of Exeter
6.30pm Wednesday 7th of March

Tuesday 24th January: Free Film-Screening

Free screening of the film Money as Debt II.

All of a sudden, bankers have no money and we the taxpayers have to rescue them! Bailouts, stimulus packages, debt piled upon debt…Where will it all end?

Money As Debt II – Promises Unleashed explores the baffling, fraudulent and destructive mechanisms of the money system that holds us hostage to ever-growing debt… and how we might evolve beyond it into a new era.

Following on from Teign Estuary Transition’s successful screening of Money as Debt I last year, this event will provide an opportunity to consider the importance of a thriving local economy. We will view Money As Debt II and excerpts of Money as Debt III: Evolution Beyond Money followed by discussion and development of an action plan for a sustainable local economy that is not based on a traditional model. Suggestions made last year included the use of Credit Unions, LETS schemes and developing our own local currency.

Please join us at TAAG’s Arts & Community Centre, Northumberland Place, Teignmouth on Tuesday 24th January 7.30pm.

Free entry; donations welcome. Refreshments available at a small charge.

Please download the poster here if you are able to display a copy:

Independents’ Day

Skillsmart Retail and the National Skills Academy for Retail are teaming up with local  retailers across the country on 4th July to celebrate Independents’ Day.

The public are encouraged to buy at least one item from a local independent retailer and celebrate diversity on the high street.

They are also championing the skills independent retailers have to show the public that their local shopkeeper is not only a vital service, but someone who wears many hats: accountant, sales assistant, buyer and everything in-between.

See their web site for more info.

Film into Action: Money as Debt

The last of our Film into Action screenings, Money as Debt was well attended by approximately 40 people. The post film discussion highlighted the importance of a thriving local economy and spurred us into setting up a subgroup to think about sustainable ways to boost the local economy. We talked about the challenge of typical loan systems that charge compound interest and discussed the potential benefits of belonging to a Credit Union (Association of British Credit Unions). The Credit Union model does not depend on debt like other models but rather on commitment and a level of trust; this led us into a discussion about the importance of community building as we work together to develop a sustainable local economy that is not based on a more traditional model.

There was discussion around the benefits of a zero interest currency and we heard about the JAK bank in Sweden which has been operating an interest-free savings and loan system since 1970. A member of the no longer running Teignmouth & Dawlish LETS (Local Exchange Trading System) group described the challenges and benefits of the scheme and we wondered whether now could be a good time to restart LETS in the Teign Estuary. We then learned a bit about the Totnes Pound, a local currency set up in Totnes to encourage residents to spend more money in the town. There was a lot of enthusiasm for learning more about all of these ideas and we were keen to include more local traders in further discussions.

It was fantastic to have invited guests Fraser Durham, Robin Currie, Rychard & Will with us to share their knowledge and experience during the discussion.

We plan to arrange a meeting in the next few weeks to think about taking some of these ideas forward. Please check this website for further details, or join our free membership by emailing info@teigntransition.org.uk so that you can receive updates on all our Transition activities