Save the date!

Monday 16th September 2024, Wakefield Town Hall

Let the community be the solution – Community Wealth Building for our district

Join us for a day of inspirational ideas and practical solutions to build Wakefield’s wellbeing economy.

Community wealth building can begin to spread wealth, empower communities, transform our district economy and deliver a just transition to a low carbon economy.

Keynote: Matthew Brown (Democracy Collaborative, Preston Town Council, co-author of Paint Your Town Red) will introduce us to principles and practice of community wealth building, highlight the successes and pitfalls, using examples from across the country.

Hear case studies from successful community enterprises demonstrating the potential for ordinary people to work together to deliver the services their community needs.

Time and space for discussion and questioning.

Whether you are an “anchor institution”, a local group or local business, this conference is for you.  Come and be inspired to create a movement to lift our district.

Organised by Just Transition Wakefield and Unite Community Leeds, Wakefield and York Branch.

Supported by Wakefield Council, Nova, Climate Action Leeds

“Community Wealth Building is a new people centred approach to local economic development, which redirects wealth back into the local economy, and places control and benefits into the hands of local people.” (CLES: https://cles.org.uk/community-wealth-building/what-is-community-wealth-building/)

The five principles of community wealth building

  • Plural ownership of the economy
  • Making financial power work for local communities
  • Fair employment and just labour markets
  • Progressive procurement of goods and services
  • Socially productive use of land and property

Elements of community wealth building include

  • Procurement of goods and services from local enterpises by anchor institutions
  • Support for community owned enterprises (co-operatives, CICs…)
  • Insourcing services where possible
  • Community Participation

Benefits of Community Wealth Building include

  • Money circulates locally and regionally for longer, benefiting local communities
  • New employment and income opportunities for local organisations and businesses
  • Community reslience and sustainability
  • Local services meeting the needs of local communities
  • Secure and just employment practices

Our conference partners, Unite Community Leeds, Wakefield & York Branch have written this pamphlet that you will find interesting and instructive.