Five Pillars

 

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. 

 

 

Shared ownership of the local economy 1 Making financial powers work for local places 2 Fair employment and just labour markets 3 Progressive procurement of goods and services 4 Socially just and productive use of land, property and assets 5 Building Community Wealth The 5 Pillars of

 

 

 

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. 

 

Find out more about the Consultation