Community wealth building

Wealth-building for our local economic recovery

This article originally appeared in the MJ

As we begin to emerge from the COVID-19 lockdown, calls for local government to lead the economic recovery are getting louder. Key among these voices are local politicians who have stewarded their places through the last two months. Many are convinced of the imperative to build back better, committed to leaving behind the failed models of trickle-down economics and ready not just to recover, but to embrace progressive reform with ideas such as community wealth-building.

For these local leaders, this unfolding crisis has brought home what they already knew – that the economic model we have followed in recent decades has failed and will fail further if not amended. Far from delivering the promise of prosperity for all, it has left too many less secure and worse off, enriched the already wealthy few and propelled us further down the road to ecological disaster.

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  • Community wealth building should be at the heart of recovery plans as local economies try to rebuild after the pandemic.

    26 May. 2020

    • Community Wealth Building: from the UK to Australia

    There are over ten thousand miles between Preston, Lancashire and Bendigo, Australia – and at times like this we can really feel the distance. With our communities stuck indoors, it is all too easy to forget the interconnectedness that binds people and places.

    That is why it is timely to today celebrate a new relationship in the community wealth building family, in the form of a new international collaboration between CLES and .

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    Recovery is a fork in the road

    This article originally appeared in the The MJ

    Over the last month we have seen local government accomplish things which just weeks before would have seemed the stuff of fantasy: a huge redeployment of staff and the repurposing of buildings, fleet and supply chains to supply critical goods and services; and the creation of new welfare, employment and business advice services to name but two.

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  • Community wealth building in the time of Covid-19

    20 Apr. 2020

  • Birmingham has the UK’s first “community wealth builder in residence”

    16 Mar. 2020

    • Health institutions as “anchors”: unlocking the potential within the NHS

    This article originally appeared in the Health Service Journal.

    The NHS is not just a service that provides healthcare free at the point of need. It is a social contract with the British people to deliver well-being.

    Across its wide range of services, the NHS’s mission extends beyond making us better when we are ill, it is also about making sure we do not fall ill in the first place – playing a key part in addressing the wider social, economic and environmental determinants of health.

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  • Newham: at the forefront of community wealth building

    16 Jan. 2020

    • Community wealth building in Scotland

    This post originally appeared on the website of Scotland’s Centre for Regional Inclusive Growth.

    Inclusive economic growth is a key aspiration for Scotland, as set out in the country’s Economic Strategy. Scotland aims to grow a sustainable and successful economy whilst tackling inequalities. To realise these aspirations, the fast-moving community wealth building movement offers a practical, common sense local place approach.

    The community wealth building approach starts with a strong focus on wealth. We know that Scotland is a relatively wealthy country, however wealth here has grown much faster than income. This disparity has disproportionately benefitted older people. Those born in the second half of the 1970s have a third less wealth than those born in the first five years. Furthermore, wealth distribution is geographically and socially uneven, with the top 10% owning a staggering 200 times more wealth than the bottom 10% (a median wealth of £1.3m compared to £6,000). Indeed, the wealthiest 10% own 43% of all wealth in Scotland, with the least wealthy 40% only owning 5%[i].

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    Climate emergency is here. For local economies, this changes everything.

    As we head into a new decade, it is now impossible to ignore the fact that the climate emergency will be the dominant issue above all others in the 2020s.

    Whether it be Bolsonaro burning the Amazon or, closer to home, vast flooding across Yorkshire and the Peak District, events in recent months have breathed terrifying life into Greta Thunberg’s assertion that ‘we need to act as if our house is on fire, because it is.’

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    On the front line of social change – the importance of community businesses in community wealth building

    If you want to see community wealth building in action, come to Liverpool 8.

    There you will find The Florence Institute – known to all around as The Florrie – a vibrant community hub housed in an imposing Grade II listed Victorian building. Since being restored by local activists in 2012, The Florrie has been a space of empowerment for local residents – building wealth by offering jobs and projects to support those most in need.
    “Community businesses play a crucial role in community wealth building by enabling a more plural ownership of the economy”
    It was therefore a fitting venue for last week’s launch of CLES’ latest research on behalf of the Power to Change Research Institute – Building an inclusive economy: the role of social capital and agency in community business in deprived communities. The report looked at how community businesses can support the development of more inclusive economies in deprived areas. Using three case studies (north Hull, west Smethwick, and south Liverpool), CLES has spent the last year seeking to understand how varying forms of social capital are needed to help seed a vibrant local community business scene.

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    Celebrating eight years of community wealth building in Preston

    Much has been said about the so-called “Preston model” – a new economic approach developed by the City Council, against the grain of much conventional thinking on economic development. In eight years, Preston has shown that a different model is possible. The deep, practice-focused work now stands as proof that community wealth building can drive real change.

    That is why we’re proud to today be releasing How we built community wealth in Preston; achievements and lessons. This publication, jointly produced by CLES and Preston City Council, is the definitive telling of the story and the theory behind the ‘Preston model’, written by two organisations who have led on this work from the very beginning.

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    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…

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  • RESEARCH

    Time to Build an Inclusive Local Economy

    30th May 2019
    1.6MB     .pdf
    Recommendations for change to advance an inclusive economy focused on community wealth building, social justice, environmental sus...