Scottish Government’s consultation on Community Wealth Building (CWB) legislation closes to new responses on Tuesday 9^th May.

Community Wealth Building is a people-centred approach to creating a more inclusive economy, designed to put the economic development of local communities in the hands of the people who live there. It does this by redirecting wealth back into the local economy, and places control and benefits into the hands of local people. (Source: CEIS.)

The CWB approach is centred around 5 pillars of activity:

Spending
Workforce
Land and Property
Inclusive Ownership
Finance

Please note that in Falkirk District, a sixth pillar has been identified, based on local need: Tackling Health Inequalities.

Scottish Government’s consultation focuses on proposed legislation, as part of its wider strategy to transform Scotland’s economy, which includes:

placing a legal duty on public bodies such as health authorities and local councils to use the economic levers they have (for example, in sourcing goods and services) to support the transformation of local and regional economies
promoting co-operative, social enterprise and employee-owned businesses to ensure that more wealth which is generated locally stays local
creating fair work opportunities for local people and those who face barriers to employment
ensuring land and property are used for the benefit of local communities, business and the environment

(Source: Scottish Government.)

They welcome a wide range of views on the changes required to grow local wealth and give communities a greater stake in the economy.

To submit your response, or for further information, please visit the Scottish Government consultation website.

Alternatively, for further information, please visit:

the Scottish Government news announcement
Scottish Government’s dedicated CWB page
Scottish Government’s consultation paper (with Ministerial Foreword from Tom Arthur, MSP)
the dedicated CEIS page
our presentation on the consultation for the Third Sector Employability Forum (delivered April 2023)

Or contact the Scottish Government CWB team by email: CommunityWealthBuildingConsultation@gov.scot