1. David Burch
Senior Researcher,
CLES
@nmcinroy
@CLESthinkdo

2. Centre for Local Economic Strategies
Leading independent member and research organisation, realising progressive economics for people and place.
35 years old.
Our aim is to achieve social justice, good local economies and effective public services for everyone, everywhere.
Part of Global movement
Oikonomos
Local hankering/ GLOBAL 2

3. Growth ain’t delivering

4. Wealth Inequalities
50% of London's wealth is owned by the richest 10% of its households. The bottom 50% own just over 5%.
295x greater is the wealth for someone in the top 10% in London in comparison to someone in the bottom 10%

5. Part of Global movement
Oikonomos
Local hankering/ GLOBAL 5

6. FOUNDATIONAL ECONOMY: ECONOMIC PLUMBING!

7. Community Wealth Building? LOCALISE. SOCIALISE. DEMOCRATISE
Intentional desire to reshape economy.
Create an economy where wealth is broadly, not narrowly held.
Wealth with local roots and ownership.
LOCALISE. SOCIALISE. DEMOCRATISE 7

8. Importance of Colleges
They have a core role in human and social development
Like all place based anchors: Employ people, buy things, own assets, and they ain’t leaving or taking wealth off to the caymans!

9. 5 pillars of Community Wealth Building?9

10. Extractive/ generative spectrum
A new paradigm: welfare state past its prime?

12. A new paradigm: welfare state past its prime?

13. A new paradigm: welfare state past its prime?

14. Preston 2012- A 6 year journey…..
Failure of tithe barn
Traditional regional economics
Preston A 6 year journey…..

16. Preston: Starting point5%
£750m
of spend within the Preston City Council boundary
39%
Total spend of all 6 anchors 12/13
of spend within the Lancashire economy

17. The change: Preston and Lancashire county
18%
£616m
of spend within the Preston City Council boundary
£70M
Total spend of all 6 anchors 16/17
£200M
80%
of spend within the Lancashire economy

18. Results!
Created 1600 jobs
4000 more people being paid real minimum wage
Raised Preston out of the bottom 20% in terms of the index of multiple deprivation
Used public pension fund to invest in a hotel development
New platform cooperative model, built with assistance from Mondragon, Basque country.

19. Wales

20. Community wealth building in Wales
Consultation complete
Plan to enable public service boards in Wales to adopt a progressive approach to procurement
To drive social value through the procurement progress to achieve a more inclusive economy for people and place
Assistance from Foundational Economy Fund

21. Centre for Local Economic Strategies.
Website.
Phone. (0044)