Community Wealth Building recognises that places do not necessarily need to attract new wealth to grow economically and socially. Instead they need to harness existing wealth which comes through, among other things, their anchor institutions, procurement spend, complementary currencies, banking practices, and community businesses. Harnessing this wealth more effectively will bring economic, social, and environmental benefits for their communities.
Neil McInroy is CEO of the Centre for Local Economic Strategies (CLES), the UK’s and Europe’s leading independent think and do tank, realising progressive economics for people and place. CLES’s aim is to achieve social justice, good local economies and effective public services for everyone, everywhere.
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*The low-income price is for the unemployed, students, volunteers, and part-time employees.