Community Wealth Building (CWB) is a practical approach to local economic development that supports the delivery of a wellbeing economy for Scotland. It delivers actions that give the people of Scotland a greater stake in our economy and wealth, making it work for us and our planet. CWB has five principles:
1. Inclusive Ownership
Developing more local and social enterprises that generate community wealth.
Maximising community benefits through procurement and commissioning, developing good enterprises, fair work and shorter supply chains.
Increasing fair work and developing local labour markets.
4. Land and property
Growing the social, ecological, financial and economic value that local communities gain from land/property assets.
Ensuring that flows of investment and financial institutions work for local people, communities and businesses.
CWB is growing across Scotland. North Ayrshire Council were pioneers, followed by the Scottish Government supporting the development of CWB action plans and delivery in Tay Cities Region (Fife), Glasgow City Region, Clackmannanshire, South of Scotland and Eilean Siar (Western Isles).
More areas are starting to implement CWB principles independently, for example South Lanarkshire and Moray.
You can find the latest information on CWB locations here.
Community Wealth Building 'How to' workshop series.
The Economic Development Association Scotland (EDAS) presented a series of online workshops on CWB process as part of a 'How to' series between December 2020 and March 2021. These were delivered by CLES in partnership with the Scottish Government and COSLA.