Welcome to Local Loop North West

A business network that does one thing well. Members submit headline info on the invoices they need to pay. The system then finds 'loops' in the network, where amounts owing can be cancelled out, so no cash is used. Reduces debt, reduces risk, improves cashflow, lowers finance needs.

Simple to use, clear benefits

Loops in trade happen when outstanding invoices can be connected up in a circuit. This means a ‘set-off’ can be made, where the lowest amount is simply accepted by all businesses in the loop as having been paid.

Each business now has lower debt, and no cash was used. Profit, balance sheet, everything else stays the same. There’s no trick - banks and big companies do this all the time to conserve cash. Local Loop makes it work for the rest of us.

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All About Local Loop North West

Clearing and Set-off

Clearing and Set-off

According to the Bank for International Settlement’s Committee on Payment and Settlement Systems Glossary,...

MTCS

MTCS

MTCS is based on a clearing algorithm - developed over thirty years ago in Slovenia - that still helps thousands of...

The App

The App

The trial version of our app was launched at the Lancaster Chamber of Commerce Expo on 30th September 2022, where the...

The Lancaster Club

The Lancaster Club

Local Loop North West is working to establish a ‘clearing club’ of MTCS business users in and around...

Community Wealth Building

Community Wealth Building

Since collaborative finance platforms such as Local Loop North West depend upon trust between peers, they are always...

Roadmap

Roadmap

Bringing multilateral obligation set-off to Lancaster is just the start. The Local Loop North West team has a whole...

Local Conveners

Our conveners are actively contacting and introducing Lancaster businesses to Local Loop North West.

Michael Hallam photo

Michael Hallam - Ethical Small Traders Association

 
Tanya Harris photo

Tanya Harris - Sort It Out

 
Peter Walmsley photo

Peter Walmsley - Walmsley Financial Planning

Local Loop team