Spice has "developed agency time credit applications to engage people in the design and delivery of their public and community services and to support people to take a more active role in their communities. Whether that is with pupils in schools, tenants in housing associations or local people working with their community anchor organisation, these time agency tools increase active engagement, reduce dependency and build community and individual esteem [...]. People are thanked with credits for contributing time to their community (putting 'Time In'). People use credits to access events, training and leisure services, or to trade time with neighbours (getting 'Time Out')".
It was initiated by non-governmental organisation/charity and encourages people to participate through an online platform and timebanking. Spice is local in orientation and concerned with education, environment & sustainability, health, neighbourhood & community, and public services.
It was launched in 2003 and is ongoing.