The Greater Manchester Combined Authority (GMCA) are developing a community wealth hub, with the intention of driving the development of a more inclusive economy in the region.
Employee-owned businesses, co-operatives, social enterprises and community ownership models enable the wealth generated in places to be more equitably shared by the workers and communities who create it.
The sector currently faces a challenge of fragmented and inaccessible support that can confuse and deter potential business leaders.
Creation of this hub will explicitly support the development of a more plurally-owned economy in Greater Manchester.
The hub is currently being co-designed with key stakeholders and communities to articulate the hub’s purpose and functions and to develop a concept model and operating proposition that is currently with GMCA for final approval.