Photos by Tony O'Brien
HSCB - HOE STREET CENTRAL BANK
HOE STREET CENTRAL BANK (HSCB)
HSCB is open in the former Co-Op Bank on Hoe Street in the London suburb of Walthamstow.
Throughout 2018 it hosted intensive weeks of money printing ( 12th-25th March and 5th-23rd June) and in October printed our HSCB BONDS.
The bank is a key part of the feature documentary film ‘Bank Job’ bringing together a local community to examine how money and debt are made in our current economic system and look for alternatives that may work more in the public’s favour. Hoe Street Central Bank has been the centre of an act of citizen money creation. Local people of all ages and backgrounds have been working to print HSCB bank notes in denominations of 1, 5, 10, 20 and 50, 100 and 1000 on a public print production line.
In place of the Queen, leaders of the local foodbank, homeless kitchen, youth project and primary school grace HSCB banknotes. We have raised £40,000 from the sale of these notes - £20,000 shared between the four note causes and £20,000 to buy and write off 1 million pounds worth of local predatory debt.
Engaging people in a collective act of printing money and abolishing local debt in a former high street bank is a provocative start to a timely conversation about economic justice and education. The bank has become a hub of economic education hosting programmes of ‘Money Talks’ ranging from crypto currencies and good credit to debt and democracy and bringing together big name pundits with local action groups at HSCB.
2019 will see the debt explosion and the bank becoming public mint as we make coins from our exploded ‘debt in transit’ van and host workshops and events towards a just economy. See programme here.
2019 will also see the completion and ambitious launch and distribution of the feature documentary film ‘Bank Job.’
The March 2018 opening of HSCB was supported by a small Waltham Forest Council Arts Development Grant, Indycube letting us in the bank, Lipman-Miliband Foundation and Raymond Williams Foundation, UCL Urban Lab.
Since then Indycube continue to support our presence in the bank. We won the Artquest Workweek Prize 2018 for a critical and risk taking project. This is DIY risk and production on overdrive and we are working on making money for the infrastructure and work that goes into making debt write off, rebel banking and feature film making happen.
MORE RECENT THANKS TO A WALTHAM FOREST BOROUGH OF CULTURE ‘MAKE IT WORK’ VENUE GRANT, COMMUNITY WARD FUNDING, ARTSADMIN AND ARTNIGHT AND NETWORK FOR SOCIAL CHANGE.
The space is an indycube co-working space and is open for co-working 5 days a week 10-5pm. SUMMER 2019 SEES THE BANK OPEN TO THE PUBLIC AT WEEKENDS AND DURING EVENTS. SEE PROGRAMME HERE.
HSCB - Hoe Street Central Bank
The Bank / Indycube Walthamstow
151-155 Hoe Street, Walthamstow, London, E17 3AN.
WALTHAMSTOW CENTRAL 3 MIN WALK
WALTHAMSTOW QUEEN'S ROAD. 10 MIN WALK.