Community Wealth Building
A resilient people-centred approach to local economic development, which redirects wealth back into the local economy, and places control and benefits into the hands of local people. Increasingly the community wealth building model is being utilised as an opportunity to meet our climate and environmental goals, bringing the needs of the community in line with the needs of our environment to build a new regenerative economy.
The range of resources below are added to regularly to offer learning and concrete examples towards implementing community wealth building strategies where you are. Because community business and citizen participation in our economy are important pieces to the puzzle of how to building prosperity in our places, we have included them in our knowledge hub, alongside resources for the highly acclaimed doughnut economics model to compliment the toolbox for anyone wanting to build community wealth.
To find out more about social and environmental value in procurement and beyond read our conversation starter report here, where we explore how community wealth building might be used in the Devon context. Insights from our report will be useful to council officers, procurement staff, community wealth building practitioners and interested citizens beyond the Devon borders.
See our more pages on our 'knowledge hub' for more useful resources:
Tell us if you think something is missing or you have a case study you would like to share with us.
The five community wealth building principles that underpin the UK context:
Plural ownership of the economy
Making financial power work for local places
Fair employment and just labour markets
Progressive procurement of goods and services
Socially productive use of land and property
Lets dive in!