The 5 Pillars were created by the Centre for Local Economic Strategies (CLES) after extensive research and insight from pilots like the Preston model, with an aim to collaborate to understand challenges, develop strategies and policies that deliver practical actions which impact the lives of communities.
Since the creation of the 5 Pillars their names have been simplified to;
Shared ownership of the local economy ⇒ Inclusive ownership
Making financial powers work for local places ⇒ Finance
Fair employment and just labour markets ⇒ Workforce
Progressive Procurement of goods and services ⇒ Spending
Socially just and productive use of land, property and assets ⇒ Land and property
Scottish Government Community Wealth Building Consultation
The Scottish Government has adopted the internationally recognised Community Wealth Building (CWB) approach to economic development as a key practical means by which progress can be made towards realising our wellbeing economy vision outlined in the National Strategy for Economic Transformation (NSET).
The consultation closes on May the 9th, so don't miss your opportunity to share your views.