Professor Jem Bendell

notes from a strategist and educator on social and organisational change

Archive for December, 2017

Funded PhD on Local Currencies

Posted by jembendell on December 26, 2017

Fully funded full time PhD on local currencies in stunning Cumbria, supervised by me, Prof Jem Bendell

Closing date: midnight 18 February 2018

The Lake District Pound (LD£) initiative is the context within which the research project will be carried out. This is an innovation in local currency that builds on the prior work and positive outcomes of other complimentary currency initiatives in the UK and globally. The LD£ will operate alongside sovereign Sterling currency with a more direct purpose to support the local rural economy.

This initiative will utilise a range of innovative methods to adapt and extend the idea of a ‘currency with a purpose’ to a rural context with a unique demographic including for the first time a National Park. A core aim of the initiative is to shift visitor spending from using large external businesses (e.g. online retailers and travel companies, remote delivery services, etc.) towards local companies and communities. The anticipated impact is to retain more wealth in the region to fund social and environmental projects and through the local focus and supply chains deliver measureable environmental benefits.
The LD£ initiative has a number of short and long-term aims, which will be greatly enabled through this research project. The aim of the research project is to provide a foundation and framework for measuring the success of the local currency initiative and from that measure, to identify optimum practice and future direction to improve such local currency initiatives.

The PhD research topic is the development of a framework for evaluation of the impact of the Lake District Pound and generation of data on that impact. This evaluation must include indicators of economic impacts, as well as social, cultural and environmental impacts. The evaluation needs to involve quantitative metrics, but can also include more qualitative assessments. It is a multidisciplinary study, with the candidate being able to draw upon a range of fields in consultation with the supervisor (for instance, potential insights from sociology, accounting, corporate sustainability, voluntary sector and organisation studies).

The PhD researcher will work with The Lakes Currency Project Ltd as well as conducting the research for the PhD – and will be based in the stunning Lake District National Park.

The Lakes Currency Project Ltd is the organisation behind the introduction and support of the ‘Lake District Pound’. It is incorporated as a private entity following the guidelines of a Community Interest Company to drive the LD£ initiative as a commercially sustainable project. The generation of revenue from the initiative will be directed in joint partnership with the Lake District Foundation to support vital sustainability projects in and around the National Park, and the Cumbria Community Foundation to support critical projects to help the poorer local communities. Their long-term aim is to develop an element of autonomy and economic resilience within the Lake District and surrounding communities in response to the continually increasing impact of global tourism that often serves to impoverish rural areas.


Full-time PhD – annual tax-free stipend of £15,000 p.a. for 3 years
Tuition fees paid for by the industry sponsor (Home/EU fee)

The PhD is supported by the ERDF funded Eco-innovation Cumbria project led by the University of Cumbria.

Application process

To apply please visit the website for details of the entry requirements which must be met and to access the application form. Under the Research Proposal section of the form please summarise your approach to the proposed project outlined in this advert under the following headings: General Overview of Area, Identification of the Relevant Literature, Key Research Questions, Methodology, Timescale/Research Planning

Please include a covering letter telling us why you want to study for a PhD, what interests you about this project and highlight the skills and experience you will bring. Give the title of your research proposal as: “The Lake District Pound: Developing Local Sustainability through Economic Innovation in a Rural Context”

For any queries relating to admissions please contact Research Student Admissions

If you wish to find out more about the project in the first instance please contact: Ken Royall, Chief Executive, The Lakes Currency Project Ltd. or Dr David Murphy, Institute for Leadership and Sustainability, University of Cumbria or

Closing date: midnight 18 February 2018

Interviews to be conducted 26th February 2018 in Ambleside, Cumbria. Candidates will be required to give a short presentation on their approach to the research proposal. Strong candidates may be given the option for an interview by video conference.


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What after we stop pretending? Quarterly 11

Posted by jembendell on December 1, 2017

Hello from Athens where I’ve started my sabbatical year researching a book and supporting an NGO creating systems for local currencies that enable the solidarity economy.


Have you ever wondered what we might do if we stopped pretending we can prevent climate change from wreaking havoc? Next summer I’m hosting a retreat for environmentalists who sense despair at the current trends. It’s at the Kalikalos eco-retreat in Greece, a spin off from the Findhorn centre in the UK. The retreat explores the contours of the deep adaptation agenda (from personal to political). Please get in touch with me if this resonates and you are considering joining us (dr j  bendell at gmail).

The retreat builds on what I have learned by teaching the University of Cumbria’s sustainable leadership courses. I summarise the ideas on leadership which underpin those courses in a new journal article. I really enjoy what my students do once freed from the cautious narratives of incremental (often inconsequential) change. One of our new graduates, Julie Hutchison, was featured last week for launching a new charity trustee training programme. We are taking applications now for the September 2018 intake of this course. We are also keen to hear from organisations that could sponsor the student fees, so we could offer free places to people with potential to create major change.

Another of our students, Cheryl Clarke, is part of a team which today launches a pre-sale on a new blockchain platform and token, with the smallish aim of disrupting Hollywood! This field of crypto currencies has boomed in 2017. Previously I was only contacted about currency innovation by people with a passion for crazy ideas or creating change. My inbox now bulges with people serious about the commercial and investment opportunities. It makes writing a book about the future of money an interesting challenge. I’m currently sorting out which are my favourite blockchain projects and related start-ups and how I will support them (so watch this space). Certainly there are many better approaches than bitcoin, which has a horrible and unnecessary carbon footprint.

I’m really looking forward to the leadership conference we, that’s IFLAS, are hosting in the Lake District next September. The deadline for submitting an abstract for either a paper, poster or a workshop is January 30th. The conference is FREE, and is hosted with Crossfields Institute and Alanus University. Stunning location, fab keynotes, highly interactive, some stuff outdoors, cutting edge insights on heartfelt approaches to professional development. You should come. But the only way to make sure you have a place is to submit your idea now.

Volcano permitting, my research takes me to Bali for 3 months from January 1st. If you are volcanologist, maybe I’ll see you there?

@jembendellBlog / Quarterly Bulletin

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