Library of Things Investment Update
I’ve just invested in the award-winning, women-led social enterprise Library of Things. Their platform helps people save money and reduce waste by affordably renting out household items like drills, sound systems and sewing machines from local spaces like libraries. They already have 5,000 Londoners borrowing from 8 locations open across the capital. They’ve prevented 50 tonnes of waste since the service began.
The problem they’re tackling is huge. Electronic waste is the world’s fastest growing waste stream, and the UK is the world’s second biggest producer! If everyone in the world consumed at the rate we do in the UK, we’d need over 3 planets to sustain us.
Following demand from around the country and internationally, Library of Things is now developing a franchise partnership to bring affordable item rental to every community that wants it.
Find out more here