Building community wealth and power: a new vision for local economies
To set the scene for our afternoon sessions, CLES’s Director of Policy and Practice, Tom Lloyd Goodwin, will talk through the findings of his forthcoming paper, which makes the case that we need a new commitment to building wealth and power in our communities.
Councils and other anchors are agents of change who can affect positive outcomes across a range of economic development functions by deploying robust community wealth building approaches. Nevertheless, weighing up your options when it comes to generating new investment, jobs and opportunities remains extremely challenging for local government. In the research for the paper – due out in late November – we spoke with local authorities and their partners across the country to determine the state of local economic development in 2023, the challenges being faced, the opportunities arising and the best practice happening on the ground.
Our analysis of these discussions found four thematic areas for the ways in which anchor institutions are attempting to build community wealth and power at the local level, which will set the themes for our breakout sessions:
Tom Lloyd Goodwin is CLES’s Director of Policy and Practice. He has been leading the development of these functions since joining the organisation in 2018 and is responsible for overseeing the output of all policy and practice related work and communications. With a background in political economy and political theory, as well as health services research, Tom is an experienced public policy professional. Since completing his PhD in 2009, Tom has worked with numerous organisations across academia, local government, the NHS and the voluntary and community sector, delivering an array of research and local economic development projects. He is an honorary research fellow at the University of Manchester. Tom is a regular contributor to the New Statesman, the Municipal Journal, Local Government Chronicle, the Health Services Journal and The Guardian.