Search: community wealth building summit ( 19 Results )


Summit 2020: A more economically democratic recovery

New year, new economy! As we adjust to the bright lights of 2021 the CLES team are looking forward and exploring the prospect of local economic reform as we commence the long journey to Covid-19 recovery. In this spirit we’re sharing write ups of our policy breakout sessions from November’s Community Wealth Building Summit. In the last of this blog series Rachel Bentley considers how the economy can be more broadly held through plural ownership models.

Even before Covid-19, the UK was already one of the most unequal countries in the world in terms of both income and wealth. This trajectory of inequality has been worsening for decades and the pandemic has now both revealed and exacerbated these inequalities. As we face an era of business failure and unemployment that will be compounded by Brexit, what role can plural ownership play in fostering a more economically democratic recovery?
“enable wealth created by communities to be held by them, rather than flowing outwards”
Plural ownership of the economy is one of the five pillars of community wealth building. This pillar seeks to promote locally owned and socially minded enterprises. It encourages more diverse models of enterprise ownership that enable wealth created by communities to be held by them, rather than flowing outwards into the pockets of distant shareholders.

Summit 2020: Procurement for economic reform

Ding dong, 2020 is nearly over and we here at CLES are thinking about hope in the darkness and the prospect of local economic reform as we commence the long journey to Covid-19 recovery. In this spirit we’re sharing write ups of our policy breakout sessions from November’s Community Wealth Building Summit. Today Amanda Stevens looks at the role of progressive procurement in supporting local employment and recirculating wealth and surplus locally.

In this interesting session there was broad agreement by the panel and delegates that a change in perceptions about procurement is needed: procurement professionals should be encouraged to think beyond bureaucratic and technical considerations and to consider procurement as a lever to address economic, social and environmental challenges.

Summit 2020: Land and assets for resilience

With only two days left of 2020, we here at CLES are thinking about hope in the darkness and the prospect of local economic reform as we commence the long journey to Covid-19 recovery. In this spirit we’re sharing write ups of our policy breakout sessions from November’s Community Wealth Building Summit. Following on from John and Ellie’s blogs, today Stuart MacDonald looks at how socially productive uses of land, property and assets can support post Covid-19 local economies.

How land and property assets are owned and managed is key to local economic outcomes. Concentrated land ownership, property speculation and landlord absenteeism all drive inequality. Wealth gained from land and property leaks out of local economies, contributing to a lack of resilience, as well as being incompatible with social and environmental progress.

Summit 2020: Collaborate like mad

Before 2020 draws to a close, we here at CLES are thinking about hope in the darkness and the prospect of local economic reform as we commence the long journey to Covid-19 recovery. In this spirit we’re sharing write ups of our policy breakout sessions from November’s Community Wealth Building Summit. Following yesterday’s blog from John Heneghan on labour market reform, Eleanor Radcliffe reflects on the discussion on making financial power work for local places.

Finance is one of the core pillars of community wealth building, the life blood of our local businesses and crucial when considering the future of our local economies. However, the UK’s banking sector is currently orientated to global markets, not local investment and development and in recent years we have seen a stagnation of lending to local businesses and increasing disconnection from local communities. With a sector that was already not fit for purpose prior to Covid-19, the pandemic has been a reminder of how badly served our local economies are by the financial sector and has resulted in an increasing consciousness of the challenges faced by local businesses trying to operate and compete with larger firms.

Summit 2020: Moving forward on labour market reform

As we draw to the close of this most turbulent year, we here at CLES are thinking about hope in the darkness and the prospect of local economic reform as we commence the long journey to Covid-19 recovery. In this spirit we’re sharing write ups of our policy breakout sessions from November’s Community Wealth Building Summit. First up, John Heneghan shares his reflections on our session on the role of labour market reform.

Our Summit session on explored the need for labour market reform in the context of Covid-19. This wide ranging and thought-provoking session explored the potential for anchor institutions to drive community wealth building approaches to create a fairer and more equitable labour market through workforce initiatives, procurement and supply chain activities and employment and skills support.
“the labour market positives experienced in the early stages of the pandemic […] need to be locked in”
Mary Robertson, Senior Policy Officer at the TUC, argued that, while the labour market positives experienced in the early stages of the pandemic – a greater demonstration of the importance of key workers, the power of state intervention, the recognition that things can be done differently and the scope for home and flexible working. – need to be locked in, overwhelmingly the impacts of the pandemic on workers have been negative, creating huge challenges.

No shortage of problems…anchor network solutions

Even before the onset of the Covid-19 pandemic, the concept of a whole-place approach to community wealth building, driven by the collective will and resources of anchor institutions, was an idea whose time had very much arrived. In the coming weeks, ahead of our first webinar exploring the power and potential of anchor institution networks, Conrad Parke, Anchor Network Co-ordinator for the city of Birmingham and the UK’s first “community wealth builder in residence”, will be exploring the process of translating the principles that lie behind the approach into practice that meaningfully impacts the social, economic and environmental justice outcomes of localities.

From “why?” to “how?”
At the Community Wealth Building Summit earlier this month, and through our ongoing conversations with local governments and anchor institutions across multiple scales and sectors, we at CLES have seen the enthusiasm with which the ideas behind anchor institution networks have been greeted. This is a movement that is growing, as more and more institutions see the value of collectively working to ensure that their joined-up approaches to spending, employment and the use of their assets can affect the social determinants of health and wellbeing. Amidst that enthusiasm, now is the time to move the discussion on – from the “why” to the “how”.
Opening up the conversation
As the “man on the ground” in Birmingham, Conrad has been embedded in the practice of the anchor network there and in the emerging network in neighbouring Sandwell for nearly 12 months and is keen to share, not only the lessons learned and his reflections on how these can be applied in other places, but also to open up a conversation with other places on their experiences. “This is a new area” he said, “we can see that people have bought into the idea, that they really see the value that anchor networks can create. But what people really want to know is what that means in their place. I hope I can share some insights into how the theory actually translates into action but I want to hear from other people too – what’s worked for you? What hasn’t? And why? I want to open up a conversation that can help us all push forward the anchor network model so that it has the opportunity to improve the lives of more people in more communities.”
Close neighbours, different approaches
Reflecting on his experience working with Birmingham and Sandwell, and the discussion he hosted at the Community Wealth Building Summit, Conrad was keen to emphasise the important lessons he’d learned by exploring the differences between the two places which, while being geographic neighbours, have had very different approaches to developing their anchor institution networks.

Community Wealth Building 2020: an urgent imperative

Quite apart from its traditional historical significance, Thursday 5th November represents a milestone for the UK in the country’s fight against Covid-19. As a second lockdown looks set to compound economic and social hardship, we are again reminded of the distressed state of our local economies and the weakened condition of the local public sector in parts of the country, following decades of austerity and underinvestment. The imperative to deliver an alternative future is now more urgent than ever.

This Thursday, CLES will host our annual Community Wealth Building Summit and, ahead of the Summit, we are today releasing Owning the Economy: Community Wealth Building 2020.

Reflections on the Community Wealth Building Summit

Back in the office at the start of a new week, the CLES team is fired with an enthusiasm that only comes with successfully bringing 200 dedicated activists and changemakers together. As we push on to drive further actions and outcomes, the team has taken some time to offer three quick-fire reflections of our own from the day about what #cwbis to us…

Practitioners network

Community wealth building is gaining momentum in towns and cities in the UK. It has been spearheaded by those who see the failings of our current economic development model and have developed a new, democratic and socially just way of doing things.

Collaboration is at the heart of this movement, and so through the Centre of Excellence we are developing a network of community wealth builders to take back control of our local economies.

Community Wealth Building Summit 2019: Programme

This event has now sold out. We hope to be able to release more places soon so please add your name to the waiting list here.

The Summit is the UK’s only community wealth building event dedicated to celebrating successes, sharing ideas, exploring challenges and advancing the community wealth building movement. You can view a list of contributors to this year’s summit here.

9.30am

Registration

10am

Welcome from Cllr Janette Williamson, Deputy Leader of Wirral Metropolitan Borough Council

Keynote address: Steve Rotheram, Metro Mayor of the Liverpool City Region

10.20am      

CLES: What is community wealth building, the state of the movement and what we’re doing here today

Launch of the Community Wealth Building Centre of Excellence: Rebecca Long-Bailey, MP

11am

Breakout: sector workshops

Many sectors and anchor institutions across the UK are delivering community wealth building. These workshops, facilitated by CLES, will showcase the cutting edge of practice within key anchors, but also address the challenges in building their role in the movement.