A wealth of benefits

By John Tizard | 15 January 2020

Much has been spoken about Community Wealth Building (CWB) and the ‘Preston model’ – and rightly so. Many local authorities are adopting CWB.

Let’s start with Preston City Council, whose story is impressive. In 2013, the council developed a partnership with 12 large institutions anchored to Preston – including the county councils, university, police and the local hospital – seeking to redirect their total £1.2bn annual spend to local businesses and enterprises. The council is currently working with partners to establish a publicly-owned investment bank to support local small businesses and social enterprises, and support the creation of social enterprises to form a core sustainable part of the local economy.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Local economies Finance Voluntary sector Procurement Communities

Coronavirus Update


In light of the ongoing coronavirus crisis, some of you may not be able to receive your copy of TheMJ magazine. If you’d like to change your delivery address, please contact our subscriptions department at customer@hgluk.com
Read The MJ for free

Keep up to date by subscribing to our daily newsletter

theMJ products