Community wealth building

Since 2020, Cynnal Cymru has facilitated a community of practice on behalf of Welsh Government exploring how to grow and support the foundational economy. Its main areas of focus cover Housing, Social Care, Food and Future Skills.

Community wealth building is an approach to economic development aimed at changing the way that economies function so that more wealth and opportunity is retained for local people. In this way, its approach is similar to practitioners working within the foundational economy, with their focus on grounded, local firms. Community wealth building has been used successfully in Preston – known as the ‘Preston Model’ and is increasingly being used by The Scottish Government.  

Community wealth building webpage.

CLES. 

Access the community wealth building webpage

Community wealth building: a history (podcast) (2021).

CLES. 

Listen to the community wealth building history podcast

What is the Preston Model? (2022).

Preston City Council.  

Read the article from Preston City Council on the Preston Model

How we built community wealth in Preston: achievements and lessons (2019).

CLES and Preston City Council.  

Read the publication from CLES and Preston City Council on how they built community wealth in Preston

The Foundational Economy Challenge Fund supported innovative, experimental approaches to community wealth-building and resilient local economies.

Cefnogodd Cronfa Her Economi Sylfaenol dulliau arloesol ac arbrofol o adeiladu cyfoeth cymunedol ac economïau lleol cadarn.

related resources

Policy

Since 2020, Cynnal Cymru has facilitated a community of practice on behalf of Welsh Government exploring how to grow and support the foundational economy. Its main areas of focus cover Housing, Social Care, Food and Future Skills.

Read More »

Community wealth building

Since 2020, Cynnal Cymru has facilitated a community of practice on behalf of Welsh Government exploring how to grow and support the foundational economy. Its main areas of focus cover Housing, Social Care, Food and Future Skills.

Read More »
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