Image showing the first slide of the Foundational Economy Online Learning Resource

New Foundational Economy online learning resource

Welsh Government are delighted to announce a new eLearning module on Community Wealth Building and the Foundational Economy.

This engaging online resource has been launched to build understanding of what the Foundational Economy is; the benefits it can bring; and how it can be strengthened. 

Vaughan Gething, Minister for Economy explains: 

This online eLearning module is an excellent tool to better understand Community Wealth Building and place-based approaches, which can support and nourish the Foundational Economy, central to our Economic Mission. We all interact with the Foundational Economy (FE) every day, from the food we eat, the buildings we live and work in, and the services that we use. It is inseparable from our communities and our country, representing roughly 40% of the economy. 

Building the necessary capability and skills to embed FE objectives across the Welsh public sector is crucial. By doing this we can maximise opportunities for our indigenous suppliers and build resilient, highly skilled supply chains – keeping the Welsh pound in our communities.   

To do this, we recognise the need to provide the necessary toolsets and support for our public sector partners and practitioners.  

I am pleased to announce the launch of this eLearning module and hope it is widely used to strengthen understanding, commitment and know-how to help our foundational sectors thrive.” 

FAQ’s  

How long does this eLearning module take?  

  • There are 8 sections to this course. We recommend completing the module in one sitting, which will take between 30 – 45 minutes.  

Who is it for?  

  • This module has been designed for anyone to take, whether interested citizens or those working in public, private and third sectors. We particularly recommend it to those who are involved in developing economic policies and projects, as well as those working in public sector procurement. The short course is designed to leave learners feeling more informed, confident and energised! 
  • No specialist knowledge is required to take this module and it has been designed for anyone who is interested.  

Where can I find out more?  

  • Links to further reading can be found at the end of the module

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.

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