Yarn Exchange is the online portal that makes it possible for textile companies to trade their excess yarn
It’s such a simple idea it’s a wonder that no one has done it before: Yarn Exchange is a new non-profit website initiated by knitwear companies in Scotland to enable them to sell their left over yarn, helping them to turn unused raw materials into cash, and making quality knitting yarn available to the public.
When a knitwear company places an order for yarn from a supplier they often have to buy huge minimum quantities per colour, even if only a tiny amount is needed. Until now there has been no way for them to use up the surplus, especially if it is a seasonal or one-off colour, meaning that they have shelves full of beautiful yarns gathering dust. The newly launched Yarn Exchange site enables them to advertise their surplus raw materials, making it possible for the general public to buy some fantastic quality yarns.
Yarnexchange.co.uk was established by a group of prestigious Scottish knitwear companies and supported by funding from the South of Scotland Creative Clusters Project. The database driven website allows visitors to choose yarn by supplier, quality and colour and anyone can buy from the site, including other textile companies, students or members of the public. However, currently only companies in Scotland can become members to sell their yarn, with plans to extend the scheme to the rest of the UK in the future.
Not only is Yarn Exchange a great marketplace for buying and selling materials, but soon members will also be able to interact with each other through the site. Scottish knitwear companies involved in the scheme include Hawick Cashmere, Caerlee Mills, Johnstons of Elgin and Eribé Knitwear.
A trading site for surplus materials is such a great way for British manufacturers to work together and pool resources – surely there is also room for other industries to roll out something similar?
For more details visit www.yarnexchange.co.uk