CLES calls for new era of community wealth building

CLES calls for new era of community wealth building

by Jamie Hailstone

April 20, 2020

Centering community and place

The post COVID-19 world must usher in a new era of community wealth building, according to a think tank. The Centre for Local Economic Strategies (CLES) has today (20 April) published two papers, which outline a number of measures to help build a new democratic economy, once the pandemic subsides.

The first paper was co-written with the US organisation, the Democracy Collaborative, and calls for ‘buyouts, not bailouts’ with national and local holding companies taking over failing businesses until they are able to be relaunched.

It also calls for a new green industrial strategy, to replace the UK government’s current industrial strategy, which the paper claims is ‘discredited’.

Read the entire article at NewStart.

Publication date: 2020-04-20

Parent publication: NewStart

Publication URL: https://newstartmag.co.uk/articles/cles-calls-for-new-era-of-community-wealth-building/

by Jamie Hailstone

More related work

July 7, 2020

The role of regional cooperative banks in community wealth building

by Jules Peck

An important shift brought about by the community wealth building movement is towards regionalizing and localizing financial flows and keeping money in communities through initiatives such as local currencies and community banks. This is now rapidly catching on in the UK.

July 7, 2020

Building the democratic economy, from Preston to Cleveland

In June 2018 The Laura Flanders Show released a special report, “Building the Democratic Economy, from Preston to Cleveland ,” co-produced with The Democracy Collaborative. The documentary features the exciting trajectory of a new model of inclusive, democratic local economic development in what had

July 7, 2020

The Preston model: An overview

The “Preston Model” is helping inspire a new conversation about the role of local government in catalyzing locally-driven economic revitalization and transforming patterns of ownership towards democratic alternatives.